https://www.taxtmi.com/caselaws?id=216455 The Supreme Court transferred various petitions challenging the Taxation Laws (Amendment) Act, 2005 to the Gujarat High Court to ensure consistency in decisions. The Gujarat High Court ruled that retrospective amendments should not harm assessees and quashed the amendment affecting certain assessees with high export turnover. The Bombay High Court, following the Gujarat High Court's decision, disposed of related petitions to maintain uniformity and clarity in interpreting the Income Tax Act, 1961 amendments, avoiding conflicting outcomes. en-us Thu, 16 Aug 2012 00:00:00 +0530 Tue, 29 Jan 2013 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216455 The Supreme Court transferred various petitions challenging the Taxation Laws (Amendment) Act, 2005 to the Gujarat High Court to ensure consistency in decisions. The Gujarat High Court ruled that retrospective amendments should not harm assessees and quashed the amendment affecting certain assessees with high export turnover. The Bombay High Court, following the Gujarat High Court's decision, disposed of related petitions to maintain uniformity and clarity in interpreting the Income Tax Act, 1961 amendments, avoiding conflicting outcomes. Case-Laws Income Tax Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216455