DY. COMMISSIONER OF INCOME-TAX 1(3)1, AAYAKAR BHAWAN vs. GRINDWELL NORTON LIMITED, LEELA BUSINESS PARK MUMBAI
In the result, appeal of the Revenue is dismissed and cross objections of the assessee are allowed, in aforesaid terms
ITA 785/MUM/2024[2014-15]Status: DisposedITAT Mumbai17 May 2024AY 2014-15
Bench: Shri Vikas Awasthy () & Shri Gagan Goyal ()
Section 14ASection 32(1)(iia)
onwards. We find that in the case of CIT Vs. Shri T.P. Textiles P. Ltd. (supra) the issue qua retrospectivity of amendment to section 36(1)(iia) has been considered. The Hon'ble Madras High Court after considering objections raised by the department held that the amendment is calrificatory
