sec 80HHC- Taxation Laws (2nd Amendment) Act, 2005 have prospective effect

Brief of the case:

Madras High Court held in CIT V/s Ms Orient Express that the amendment to sec 80HHC would have prospective effect from 2005 not retrospective effect.

Facts of the case:

The assessee was engaged in the manufacturing business of Leather and leather garments and claimed deduction u/s 80HHC for A.Y 1999-2000 but AO denied the same on the basis that the amended provisions of sec 80HHC of IT Act

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