In favour of Matter remanded

Section 43B

S.C : Whether, on the facts and in the circumstances of the case and on a correct interpretation of the amendment made by the Finance Act, 1988 to s. 43B(a) of the IT Act, 1961, which has been explained as clarificatory of legislative intention by the Explanatory Notes issued by the Government, the Tribunal was justified in law in not holding that the said amendment will be retrospective in its application ?

Supreme Court Of India CIT vs. Varas International (P) Ltd. Section 43B Asst. Years 1984-85, 1985-86 Mrs. Ruma Pal &

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