https://www.taxtmi.com/caselaws?id=238839 A proviso that creates a new disability or withdraws an existing entitlement operates prospectively unless the statute clearly makes it retrospective; on that basis, the proviso to section 69C of the Income-tax Act was held prospective and not applicable to the block period in question. On the additions for unexplained expenditure, the Court found concurrent factual findings based on seized documents and the assessee's failure to reconcile the accounts, with no perversity shown. Those findings did not raise a substantial question of law, and the additions were sustained. en-us Wed, 28 Dec 2011 00:00:00 +0530 Fri, 01 Nov 2013 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238839 A proviso that creates a new disability or withdraws an existing entitlement operates prospectively unless the statute clearly makes it retrospective; on that basis, the proviso to section 69C of the Income-tax Act was held prospective and not applicable to the block period in question. On the additions for unexplained expenditure, the Court found concurrent factual findings based on seized documents and the assessee's failure to reconcile the accounts, with no perversity shown. Those findings did not raise a substantial question of law, and the additions were sustained. Case-Laws Income Tax Wed, 28 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238839