Taxation of interest on securities allowed even if previously unassessed; provision applies retrospectively to the stated year. An inserted proviso to section 145 permits an assessee to be charged to income-tax on interest on securities received in a previous year even if that interest was not charged to income-tax for any earlier previous year; the proviso is deemed effective from 1 April 1989.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxation of interest on securities allowed even if previously unassessed; provision applies retrospectively to the stated year.
An inserted proviso to section 145 permits an assessee to be charged to income-tax on interest on securities received in a previous year even if that interest was not charged to income-tax for any earlier previous year; the proviso is deemed effective from 1 April 1989.
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