https://www.taxtmi.com/caselaws?id=76419 The court dismissed the writ petition challenging a recovery notice issued for tax arrears, including a premium on a REP license transfer. The petitioner's argument for retrospective application of a Supreme Court judgment was rejected, emphasizing that such judgments clarify existing law and are presumed retrospective. The court upheld the taxability of the REP license premium, noting the petitioner's failure to avail statutory remedies within the limitation period, resulting in the assessment becoming final. The petitioner's failure to pay arrears or pursue remedies led to the dismissal of the petition without costs. en-us Thu, 10 Sep 2009 00:00:00 +0530 Thu, 24 Apr 2014 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76419 The court dismissed the writ petition challenging a recovery notice issued for tax arrears, including a premium on a REP license transfer. The petitioner's argument for retrospective application of a Supreme Court judgment was rejected, emphasizing that such judgments clarify existing law and are presumed retrospective. The court upheld the taxability of the REP license premium, noting the petitioner's failure to avail statutory remedies within the limitation period, resulting in the assessment becoming final. The petitioner's failure to pay arrears or pursue remedies led to the dismissal of the petition without costs. Case-Laws VAT and Sales Tax Thu, 10 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76419