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1 - 10 of 66 (0.32 seconds)The Income Tax Act, 1961
Section 143 in The Income Tax Act, 1961 [Entire Act]
The Finance Act, 2018
Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 154 in The Income Tax Act, 1961 [Entire Act]
The Karimtharuvi Tea Estates Ltd., ... vs State Of Kerala & Ors on 1 November, 1962
Their Lordships of Bombay High Court rejected such contention of the assessee and it was held that provisions of higher depreciation were not applicable as on 1st day of April, 1980 and had come into force w.e.f. 24th July, 1980, therefore, the provisions could not be retrospectively applied in view of the decision of Hon'ble Supreme Court in the case of Karimtharuvi Tea Estate Ltd. v. State of Kerala . Referring to this decision it was pleaded by learned Authorised Representative that if any provision has been brought on the statute in the middle of the year, then the same will not be applicable from the preceding assessment year and the benefit as sought for by the Revenue to apply the same retrospectively should not be accepted in view of the clear wording of the statute as there was no ambiguity in Section 234D which has been made applicable w.e.f. 1st June, 2003.