retrospective amendment

  • Income Tax

Taxation Laws (Amendment) Bill 2021 introduced to end retrospective tax

The Taxation Laws (Amendment) Bill 2021 introduced in Lok Sabha to end retrospective tax  The Government has introduced the Taxation…

3 years ago
  • Supreme Court

Retrospective applicability of Black Money Act-Supreme Court quashed Delhi High Court order

Retrospective applicability of Black Money Act-Supreme Court quashed High Court order that Govt. made the Act retrospectively applicable from 01.07.2015 ABCAUS…

5 years ago
  • Supreme Court

Legislature cannot overturn a judgment by amendment to make the judgment wrong or a nullity-Supreme Court

The Legislature cannot overturn a judgment by way of introducing an amendment to make the judgment wrong or a nullity-Supreme…

6 years ago
  • Income Tax

Reopening/Reassessment u/s 147/148 on retrospective amendment bad as there is no failure on the part of assessee to disclose fully/truly all material facts

In a recent judgment, ITAT Delhi has stated that a concluded assessment can not be reopening u/s 147/148 based on…

8 years ago