Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]

By Taxscan Team - On May 1, 2022 1:44 pm - 2 mins read
Income Tax Act - Retrospective Effect - Liability - Assessee - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amendments to sections 43B and 36(1)(va) of the Income Tax Act, 1961 cannot have retrospective effect since the provisions impose a liability on the assessee. While concluding the assessment proceedigs against Anup Service Station, the CPC disallowed Rs.3,71,000/- and Rs. 3,07,475/-…

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