https://www.taxtmi.com/article/detailed?id=5144 Applicability of amendments imposing tax on book profit under the Assam Agricultural Income Tax Act depends on effective dates and prior notice before the relevant previous year; the amendments, notifications and Rules creating tax liability, credit mechanisms and revised rates were notified after the commencement of the relevant previous years, raising issues as to taxpayers' ability to meet advance tax obligations and return requirements. The petitions challenged application to certain assessment years but did not press key contentions on effective date doctrine, credit periods, Rule changes, legislative procedure, or whether book profit constitutes agricultural income. en-us Mon, 27 May 2013 17:16:21 +0530 Mon, 27 May 2013 17:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5144 Applicability of amendments imposing tax on book profit under the Assam Agricultural Income Tax Act depends on effective dates and prior notice before the relevant previous year; the amendments, notifications and Rules creating tax liability, credit mechanisms and revised rates were notified after the commencement of the relevant previous years, raising issues as to taxpayers' ability to meet advance tax obligations and return requirements. The petitions challenged application to certain assessment years but did not press key contentions on effective date doctrine, credit periods, Rule changes, legislative procedure, or whether book profit constitutes agricultural income. Articles Value Added Tax - VAT and CST Mon, 27 May 2013 17:16:21 +0530 https://www.taxtmi.com/article/detailed?id=5144