https://www.taxtmi.com/caselaws?id=150532 Retrospective amendment withdrew the excise duty exemption on turnover from an earlier date, so the benefit was treated as never having operated from that date. The assessee could not retain the deduction merely because the Tribunal had decided the matter before the amendment or because sale prices were fixed on the assumption that the allowance would continue. Hardship caused by retrospective legislation did not alter the plain statutory effect. The claimed exemption or deduction was therefore unavailable, and the Revenue's objection prevailed. en-us Tue, 24 Apr 1973 00:00:00 +0530 Sat, 18 May 2013 12:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150532 Retrospective amendment withdrew the excise duty exemption on turnover from an earlier date, so the benefit was treated as never having operated from that date. The assessee could not retain the deduction merely because the Tribunal had decided the matter before the amendment or because sale prices were fixed on the assumption that the allowance would continue. Hardship caused by retrospective legislation did not alter the plain statutory effect. The claimed exemption or deduction was therefore unavailable, and the Revenue's objection prevailed. Case-Laws VAT and Sales Tax Tue, 24 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150532