https://www.taxtmi.com/caselaws?id=158797 A judicial declaration of law applies to pending and unconcluded proceedings, but where the Supreme Court limits its ruling by prospective overruling, a contrary assessment cannot be sustained against the assessee. The Madras HC held that the later declaration in Sunrise Associates governed the pending lottery-ticket assessment and that the tax demand could not survive in the challenged proceedings. The impugned assessment was therefore quashed, and the levy on sale of lottery tickets was not recoverable on the basis of that order. en-us Fri, 04 Aug 2006 00:00:00 +0530 Tue, 18 Mar 2014 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158797 A judicial declaration of law applies to pending and unconcluded proceedings, but where the Supreme Court limits its ruling by prospective overruling, a contrary assessment cannot be sustained against the assessee. The Madras HC held that the later declaration in Sunrise Associates governed the pending lottery-ticket assessment and that the tax demand could not survive in the challenged proceedings. The impugned assessment was therefore quashed, and the levy on sale of lottery tickets was not recoverable on the basis of that order. Case-Laws VAT and Sales Tax Fri, 04 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158797