Amendment to section 37 broadens scope for applicable previous years by changing commencement language and creating retrospective effect. Amendment changes the operative wording of section 37 by substituting the phrase limiting application to a specific prior-year commencement with language applying to any previous year commencing on or after the specified date, and declares the substitution to have effect from an earlier fiscal date, giving the amended wording retrospective application to that effective date.
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.
Amendment to section 37 broadens scope for applicable previous years by changing commencement language and creating retrospective effect.
Amendment changes the operative wording of section 37 by substituting the phrase limiting application to a specific prior-year commencement with language applying to any previous year commencing on or after the specified date, and declares the substitution to have effect from an earlier fiscal date, giving the amended wording retrospective application to that effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
