https://www.taxtmi.com/article/detailed?id=744 Retrospective amendments to tax statutes are increasingly used to counter judicial interpretations deemed adverse, converting historically compliant transactions into new tax liabilities with retrospective effect, often accompanied by interest; this practice is administratively selective-primarily affecting litigating taxpayers-raises discrimination, ethical and credibility concerns, undermines voluntary compliance and judicial authority, and should be exercised with restraint or limited to prospective application to preserve predictability and fairness. en-us Thu, 01 Apr 2010 15:50:07 +0530 Fri, 02 Apr 2010 02:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=744 Retrospective amendments to tax statutes are increasingly used to counter judicial interpretations deemed adverse, converting historically compliant transactions into new tax liabilities with retrospective effect, often accompanied by interest; this practice is administratively selective-primarily affecting litigating taxpayers-raises discrimination, ethical and credibility concerns, undermines voluntary compliance and judicial authority, and should be exercised with restraint or limited to prospective application to preserve predictability and fairness. Articles Income Tax Thu, 01 Apr 2010 15:50:07 +0530 https://www.taxtmi.com/article/detailed?id=744