1976 (1) TMI 70 - AT - Income Tax

Summary

Special appeal against the order of the Board's single member regarding tax refund. Refund ordered by Dy. Commissioner, but Board held it was wrong. Disagreement on application of s. 23-B of RST Act. Appellant argued s. 23-B not applicable due to assessment date. Respondent claimed retrospective amendment of CST Act. Board ruled s. 23-B not applicable to CST Act cases before 1964. Special appeal accepted, Board's order set aside, and Dy. Commissioner's order restored. Judgment by ITAT Rajasthan on January 15, 1976.