Retrospective rulemaking power permitted under amendment with safeguard preventing retrospective rules that prejudicially affect assessees' interests. The substitution of subsection (3) to section 46 authorises rule making with retrospective effect from no earlier than the Act's commencement, while providing that, unless a contrary intention is established, such retrospective rules shall not prejudicially affect the interests of assessees.
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.
Retrospective rulemaking power permitted under amendment with safeguard preventing retrospective rules that prejudicially affect assessees' interests.
The substitution of subsection (3) to section 46 authorises rule making with retrospective effect from no earlier than the Act's commencement, while providing that, unless a contrary intention is established, such retrospective rules shall not prejudicially affect the interests of assessees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
