JALALABAD SOLVEX PRIVATE LTD,JALALABAD vs. PR COMMISSIONER OF INCOME TAX , AMRITSAR-1, PR COMMISSIONER OF INCOME TAX

In the result, the appeal filed by the assessee is allowed

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

section 263, of the Act because it has been inserted by the Finance Act, w.e.f. 01.06.2015, and he submitted that the amended provisions are not applicable to the case of the assessee as the relevant assessment year in this case is AY 2014-15 which is prior to the amended provisions and there are numerous decision of various Courts where