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Pradip J. Mehta vs Commissioner Of Income-Tax on 3 May, 2002

11. The above section has been amended by the Finance Act, 2003, with effect from 1-4-2004 on the lines of the view expressed by the Gujarat High court in Pradip J. Mehta's case (supra). The department's circular No. 7 of 2003 which explains the new section says that the amendment was made in order to remove doubts about the interpretation of the section and that it is clarificatory in nature. Nevertheless, it has been made applicable only from 1-4-2004.
Gujarat High Court Cites 20 - Cited by 5 - Full Document
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