2011 (11) TMI 348

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..... 11) TMI 27 - Supreme Court) has already decided that the aforesaid provision has retrospective application. - ITAT No. 302 of 2011, GA 3200/2011 - - - Dated:- 23-11-2011 - JUSTICE KALYAN JYOTI SENGUPTA, JUSTICE JOYMALYA BAGCHI, JJ. The Court : We have heard Mr. Nizamuddin and gone through the impugned judgment and order. We have also examined the point formulated for which the presen .....

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..... case reported in 82 ITR 570, the Supreme Court held that the provision, which has inserted the remedy to make the provision workable, requires to be treated with retrospective operation so that reasonable deduction can be given to the section as well. In view of the authoritative pronouncement of the Supreme Court, this court cannot decide otherwise. Hence we dismiss the appeal without any order a .....

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