Commissioner of Income tax-V, vs. M/s. INTRACK INC,
ITTA/590/2013HC Telangana06 Dec 2013
Section 260
3. The substantial questions of law that arise for
consideration in all these appeals is whether, the
amendment to Section 40(a)(ia) by the Finance Act,
2010, which is given effect from 01.04.2010 is
retrospective in nature.
4. Prior to the amendment, the said provision read
as under:-
Section
40(a)(ia)
:
any
interest,
commission or brokerage, rent, royalty