Amended provisions of Section 154 cannot be applied with retrospective effect

A R Transport Vs ADIT (ITAT Jabalpur)

The view recorded in the impugned order/s on the merits of the additions – even as the same agrees with that expressed by the Tribunal in Nikhil Mohine (supra)(see para 3.2 of this order), is of little consequence in view of the limited scope of an adjustment u/s. 143(1), the law on which is well-settled, with the Explanatory Notes to the Provisions of the Please become a Premium member. If you are already a Premium member, login here to access the full content.