This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Amendment to Section 43B is retrospective -SC
Case Law Details
- Case Name
- CIT Vs. Alom Extrusions (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Amendment to Section 43B on deduction of contribution for PF, superannuation fund, gratuity fund etc is retrospective
Whether amendment to Section 43B (Section) of Income Tax Act,1961, enacted with effect from 1 April 2004, is retrospectively applicable? This amendment was introduced to rationalize the tax deduction of the employer’s contribution to provident fund, superannuation fund, gratuity fund and such other funds for the welfare of employees (social security contributions). The SC held that the amendment, being curative in nature, should be construed as retrospect...
