2017 (5) TMI 784

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..... AT HIGH COURT] wherein specifically observed and held that the amendment to Section 40[a](ia) of the Income Tax Act by Finance Act, 2010 shall be made applicable retrospectively. - Decided against revenue - Tax Appeal No. 283 of 2017 - - - Dated:- 2-5-2017 - M. R. Shah And B. N. Karia, JJ. Mr Nitin K Mehta, Advocate for the Appellant Mr Manish J Shah, Advocate for the Opponent J .....

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..... uired to be noted and it is not in dispute that the issue involved in the present Tax Appeal i.e. whether amendment made in Section 40 [a] (ia) of the Income Tax Act shall be applicable retrospectively or not is now not res integra in view of the decision of the Division Bench of this Court in the case of Commissioner of Income Tax Vs. Omprakash R. Chaudhari and Others rendered in Tax Appeal No.41 .....

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