income. It is obvious from the above decision that the retrospective amendment made in s. 143(1A) has not been taken into account while rendering ... However, none of the aforesaid decisions have actually discussed the retrospective amendment made in s. 143(1A) and thus the same are distinguishable
return them as income. The Assessing Officer also referred to the amendment made in Clause (2) of Section 17 under which "expenditure incurred ... treated the above expenditure as perquisites in the light of the amendment made under Section 17(2)(vi) with effect from April
section 38(2) should be interpreted in the light of amendment made in section 32 and in the light of the entries in Appendix ... provisions of depreciation, ie., before their amendment with effect from 1-41988. He submitted that after the amendment made with effect from
Statute only w.e.f. 01.06.2015 by way of an
amendment made to Section 200A by the Finance Act, 2015 . The ld.
counsel ... Taxman.com 137/ 297 CTR 502 had held that the amendment made
to Section 200A authorizing the AO to make adjustment of the fees
Further in view of the retrospective
amendment made by Finance Act 2006 to section ... assessment as was
held in various decisions rendered prior to amendment made in
Section 147 w.e.f. 1.4.1989. In fact identical situation came
2021 on dated 25.10.2021, as the amendment made in
the Income Tax Act, 1961 is to applicable prospectively and not retrospectively.
(d) That ... Explanations in Section36(l)(va) and Section 43B as per the amendment made vide
Finance Act, 2021 , without appreciating the fact that said amendment
prevai l i ng pr i or to the
amendment made w.e.f. 1.10.2009 di d not i ncl ude the
transacti ... that as per the circular, it is
made clear that the amendment made by the Finance (No.2)
Act,2009 is only prospective in nature
State or States;"
Thereafter the Assessing Officer referred to the amendment made in section
2(15) of the Act and observed that after ... Finance Act, 1983 from 1.4.1984, this amendment was in fact
19
consequential to the amendment made in section 11 of the Income
should be interpreted in the light of amendment made in s. 32 and in the light of the entries in Appendix I, wherein cars were ... depreciation, i.e., before their amendment w.e.f. 1st April, 1988. He submitted that after the amendment made w.e.f. 1st April
Interest-tax Act .
6. The ld. CIT(A) after considering the amendment made in the Interest-tax Act w.e.f. 1-10-1991, circulars ... under which such an inference could be drawn out of small amendment made to Section 21 of Interest-tax Act. I have myself looked into
