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Section 45(5A) Of Income Tax Act Inserted By Way Of An Amendment In Finance Act, 2017 Cannot Be Treated As Retrospective: Patna HC

In a recent judgment, the Patna High Court has ruled that sub-section (5A) of Section 45 of the Income Tax Act, 1961, inserted by the Finance Act, 2017, has no retrospective effect. The division bench.

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