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SC Lays Down Principles On Retrospective Amendments

Published on Wed, Sep 24,2014 | 21:14, Updated at Wed, Sep 24 at 21:14Source : 

A five-judges Constitution bench of the Supreme Court (“CBSC”) reversed an earlier ruling of the division bench (two-judges) bench of the SC (“DBSC”) on retrospective application of proviso to section 113 of the Income-tax Act, 1961 (“the Act”).  The CBSC has, after a detailed analysis of the law applicable to retrospective amendments and held that the proviso to section 113 of the Act operates only prospectively. For more please read the attached report by BMR Advisors.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.

Attachments : Document1.pdf

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