Retrospective rulemaking power permitted, subject to safeguard against prejudicial effect on assessees from commencement date. The amendment to section 25 expressly grants the rulemaking authority power to give retrospective effect to rules from a date not earlier than the commencement of the Act, while stipulating that, unless a contrary intention is permitted, no retrospective effect shall be given so as to 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, subject to safeguard against prejudicial effect on assessees from commencement date.
The amendment to section 25 expressly grants the rulemaking authority power to give retrospective effect to rules from a date not earlier than the commencement of the Act, while stipulating that, unless a contrary intention is permitted, no retrospective effect shall be given so as to prejudicially affect the interests of assessees.
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