Amendment to sec. 40(a)(ia) vide Finance Act, 2010 was retrospective in nature

 ITAT RAJKOT BENCH Rana Builders versus Income-tax Officer, Ward 1(2), Junagadh IT Appeal Nos. 523 & 524 (Rajkot) of 2012 [ASSESSMENT YEAR 2006-07] JANUARY  24, 2013 ORDER D.K. Srivastava, Accountant Member Both the appeals have been filed by the assessee. They relate to assessment year 2006-07. While the appeal bearing ITA No. 524/Rjt/2011 is directed against the order passed by the Commissioner of Income-tax on 18-03-2011 u/s 263 of the Income-tax Act by which he has set aside the original order of assessment passed by the AO u/s. 143(3) on 19-11-2008, the other appeal...