Amendment to s. 40(a)(ia) by Finance Act, 2008, is WEF from 1-4-2005

HIGH COURT OF KARNATAKA Income-tax Officer versus Anil Kumar & Co. IT Appeal NO. 6001 OF 2011 FEBRUARY  1, 2013 JUDGMENT N. Kumar, J. The Revenue has preferred this appeal challenging the order passed by the Tribunal which has confirmed the order of the appellate authority and granted relief to the assessee. 2. The assessee is a firm which carries on the business of cotton. For the assessment year 2005-06, they filed the return of income, declaring the income at Rs. 42,480/-. The assessment was completed under Sec. 143(3) of the Income Tax Act (‘the Act’ for ...