Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Income Tax Amendment of Section 80AC Not Retrospective: ITAT Allows 80P Deduction
Appeal Against OrderIncome Tax
The ITAT ruled that the Income Tax amendment of Section 80AC is not retrospective and allowed an 80P deduction. This decision clarifies the applicability of tax amendments. It ensures that taxpayers are not unfairly penalized. This ruling underscores the need for clear guidelines on tax deductions. It emphasizes the importance of fair assessments. The ITAT's order protects the rights of taxpayers.
