Assessee-employer not hit by retrospective insertion of Explanation 1 to section 17(2) in absence of any such extension of retrospective effect either in section 192 or section 201

CASE LAWS DETAILS DECIDED BY: ITAT, BENCH `A’, HYDERABAD IN THE CASE OF: State Bank of India Vs DCIT, APPEAL NO: ITA Nos. 1722 to 1725/Hyd/08, DECIDED ON December 3, 2009 RELEVANT PARAGRAPH Per: G C Gupta: These four appeals by the assessee for the assessment years 2004- 05 to 2007- 08 are directed against the common order of the CIT (A). Since an identical issue is involved in all these appeals preferred by the assessee, these are being disposed off with this consolidated order. 2. Identical grounds of appeal of the assessee in all these appeals are as under- The order...