2024 (1) TMI 169

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Explanation 2 inserted in Section 37(1) was prospective in nature, and therefore was not applicable in the assessment years in issue - as per revenue as Tribunal had erred in law in sustaining the deduction claimed by the respondents/assessees under Section 37(1) of the Act is an argument, which cannot be accepted. HELD THAT:- No case for interference in exercise of our jurisdiction under Artic .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X