M/S.MAGNUM BUILDTECH,ALAPPUZHA vs. THE DCIT, ALAPPUZHA

In the result, the appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

227 (SC). When the proviso to Section 40(a)(ia) was introduced to mitigate undue hardship caused to the assessees, the Appellate Commissioner ought to have found that the same is curative in nature and therefore would have retrospective application. D) The Appellate Commissioner erred in upholding the order of the assessing authority issued under Section 154 of the Income

KERALA GRAMIN BANK, MANNARKKAD BRANCH,MANNARKKAD vs. ITO, WARD TDS, KOZHIKODE, KOZHIKODE

In the result, the appeals filed by the assessees are allowed