https://www.taxtmi.com/caselaws?id=99772 A retrospective validating amendment to the sales tax law applies to a pending reference where the liability is to be determined under the law as amended, and a retrospective enactment governs the legal position the Legislature has directed to operate at the material time. Where an assessee elects assessment on the basis of the previous year's turnover, the validating provision deems that turnover to be the turnover of the assessment year and subjects it to the rates prevalent in that year, including proportionate application where rates change during the year. The amended legal fiction displaces the earlier view that the rate crystallised at the start of the assessment year. en-us Fri, 20 Mar 1964 00:00:00 +0530 Mon, 23 Sep 2013 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99772 A retrospective validating amendment to the sales tax law applies to a pending reference where the liability is to be determined under the law as amended, and a retrospective enactment governs the legal position the Legislature has directed to operate at the material time. Where an assessee elects assessment on the basis of the previous year's turnover, the validating provision deems that turnover to be the turnover of the assessment year and subjects it to the rates prevalent in that year, including proportionate application where rates change during the year. The amended legal fiction displaces the earlier view that the rate crystallised at the start of the assessment year. Case-Laws VAT and Sales Tax Fri, 20 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99772