Law: Income Tax Act, 1922

Section: 18A(6)

Income-tax Act (XI of 1922)----S. 18-A (6) [as amended by Finance Act (L of 1973)--Additional Tax under S.18 A (6) can be charged for fifteen months only thereby applying the amendment of S,18-A (6) of-1973 retrospectively. Commissioner of Income-tax v. Olympia 1987 P T D 739 fol. JUDGMENT AJMAL MIAN, J--(1) By this common judgment we intend to dispose of the above Income Tax References, which involve identical question of Law, which reads as follows:- "Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was justified in directing that additional Tax U/S. 18A (6) be charged for fifteen months only thereby applying the amendment of 18A(6) made in 1973, retrospectively?" 2. M/s. Shaikh Haider, Waheed Farooqui, Nasrullah-Awan and Mrs. Rashida Patel, Learned counsel for the applicant department, have submitted that the above cases are covered by inter alia the judgment in the case of Commissioner of Income Tax. v. Olympia reported in 1987 P T D 739, decided by a Division Bench of this Court and which judgment has been followed by the other Division Bench of this Court. However,…

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