https://www.taxtmi.com/caselaws?id=163043 The Orissa HC held that notifications issued under section 7 of the Orissa Sales Tax Act, 1947 could operate only prospectively because the provision authorising exemption or deferment of tax did not clearly permit retrospective effect. In fiscal statutes, retrospective operation requires express legislative indication, and a notification issued under a prospective power cannot be read backward by implication. The notifications dated 16 August 1990 and 28 April 1992 were therefore valid, but only from their respective dates of issue; any claim to retrospective benefit was rejected. en-us Tue, 05 Feb 2008 00:00:00 +0530 Thu, 20 Mar 2014 17:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163043 The Orissa HC held that notifications issued under section 7 of the Orissa Sales Tax Act, 1947 could operate only prospectively because the provision authorising exemption or deferment of tax did not clearly permit retrospective effect. In fiscal statutes, retrospective operation requires express legislative indication, and a notification issued under a prospective power cannot be read backward by implication. The notifications dated 16 August 1990 and 28 April 1992 were therefore valid, but only from their respective dates of issue; any claim to retrospective benefit was rejected. Case-Laws VAT and Sales Tax Tue, 05 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163043