Commissioner Of Income-Tax vs Mohd. Khaleel on 27 November, 1990
15. The Court also finds merit in the contention of the Assessee that in any
event as far as AYs 2005-06 to 2007-08 is concerned, Section 292BB of the
Act would not apply since it is prospective in its application, i.e., applicable
from AY 2008-09 onwards. The legal position in this regard appears to be
well settled as explained in CIT v. Kuber Tobacco Producers P. Ltd.
(supra) and Commissioner of Income Tax v. Mohammad Khaleeq (supra).