Prospective effect of section 37B orders: assessment practice may change and pending cases must follow the order promptly. Orders under section 37B have only prospective effect from their date of issue and pending assessments on that date must be finalised on the basis of the order. Assessment practice may be changed prospectively without seeking separate permission from the Commissioner. Fresh demands can be raised for the last six months under section 11A, and Trade Notices and section 11A notices should be issued promptly to avoid time bar.
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.
Prospective effect of section 37B orders: assessment practice may change and pending cases must follow the order promptly.
Orders under section 37B have only prospective effect from their date of issue and pending assessments on that date must be finalised on the basis of the order. Assessment practice may be changed prospectively without seeking separate permission from the Commissioner. Fresh demands can be raised for the last six months under section 11A, and Trade Notices and section 11A notices should be issued promptly to avoid time bar.
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