MAHALAXMI CONTINENTAL LIMITED,GUWAHATI vs. INCOME TAX OFFICER (DCIT/ACIT CIR-1), GUWAHATI

In the result, both the appeals of the assessee are allowed

Bench: Shri Duvvuru Rl Reddy & Shri Rajesh Kumar

4. On the other hand, the ld. Sr.DR heavily relied on the orders of the lower authorities by submitting that any subsequent omission of any provision of the Act would not operate retrospectively unless it specifically provided in the Act. The ld. Sr.DR while referring to the provisions of the Act submitted that there is no specific mention of fact

MAHALAXMI CONTINENTAL LIMITED,GUWAHATI vs. INCOME TAX OFFICER (DCIT/ACIT CIR-1), GUWAHATI

In the result, both the appeals of the assessee are allowed