THE DY. COMMR. OF INCOME TAX, CIR.-1(2), RAJKOT-GUJARAT vs. M/S RAMBOO PROLEN PVT. LTD.,, RAJKOT-GUJARAT
In the result, ground number 8 of the Department’s appeal is dismissed
ITA 503/RJT/2015[2005-06]Status: DisposedITAT Rajkot16 Sept 2022AY 2005-06
For Appellant: Shri Samir Bhuptani, A.RFor Respondent: Shri B.D. Gupta, Sr. D.R
Section 143(3)Section 28Section 40
section has came into effect prospectively but as held by the Hon'ble ITAT
Kolkata in the case of Santosh Kumar Kedia (supra) the provision is curative in nature and has retrospective effect w.e.f. 1st April, 2005
being a date from which sec. 40(a)(ia) of the act was inserted by the Finance (No. 2) Act, 2004. Respectfully following
