1982 (1) TMI 46 - HC - Income Tax

Summary

The High Court of Punjab and Haryana held that the amendment to section 184(7) of the Income Tax Act, requiring a declaration for registration before filing the return, did not apply retrospectively. The assessee's registration continuation was allowed as the declaration was submitted promptly after the amendment came into effect on April 1, 1971. The Tribunal's decision in favor of the assessee was upheld.