https://www.taxtmi.com/caselaws?id=127684 An amendment enlarging the period for revising escaped assessments is presumed prospective and will not reopen assessments that had already become final unless retrospectivity is expressed clearly or arises by necessary implication. Applying that principle, the Court found the amended Rule 17(1) did not authorise revision of a completed assessment because the assessment had attained finality before the amendment came into force. The Tribunal's view was upheld, and the assessee's challenge to the revised assessment failed. en-us Thu, 08 Nov 1956 00:00:00 +0530 Thu, 14 Mar 2013 12:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127684 An amendment enlarging the period for revising escaped assessments is presumed prospective and will not reopen assessments that had already become final unless retrospectivity is expressed clearly or arises by necessary implication. Applying that principle, the Court found the amended Rule 17(1) did not authorise revision of a completed assessment because the assessment had attained finality before the amendment came into force. The Tribunal's view was upheld, and the assessee's challenge to the revised assessment failed. Case-Laws VAT and Sales Tax Thu, 08 Nov 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127684