https://www.taxtmi.com/caselaws?id=66276 The Tribunal ruled in favor of the assessee, holding that the refunds received were not includible as trading receipts for taxation purposes. The judgment emphasized the impact of retrospective amendments in tax laws and the legal liability of the assessee to refund the amounts to the State Government. en-us Wed, 30 Mar 1977 00:00:00 +0530 Wed, 23 Feb 2011 12:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66276 The Tribunal ruled in favor of the assessee, holding that the refunds received were not includible as trading receipts for taxation purposes. The judgment emphasized the impact of retrospective amendments in tax laws and the legal liability of the assessee to refund the amounts to the State Government. Case-Laws Income Tax Wed, 30 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66276