https://www.taxtmi.com/caselaws?id=165297 A substantive amendment enlarging taxable income under the Income-tax Act cannot be applied to an assessment year that had already commenced unless the legislature clearly gives it retrospective effect. The relevant liability was governed by the law in force on 1 April 1946, when the assessment year began, and the later proviso inserted on 4 May 1946 could not be used to include the disputed sum in the assessee's total income for 1946-47. The principle applied was that, absent express retrospective language, a taxing amendment operates only prospectively, even if the assessment is completed after the amendment takes effect. en-us Mon, 13 Sep 1954 00:00:00 +0530 Thu, 26 Jun 2014 16:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165297 A substantive amendment enlarging taxable income under the Income-tax Act cannot be applied to an assessment year that had already commenced unless the legislature clearly gives it retrospective effect. The relevant liability was governed by the law in force on 1 April 1946, when the assessment year began, and the later proviso inserted on 4 May 1946 could not be used to include the disputed sum in the assessee's total income for 1946-47. The principle applied was that, absent express retrospective language, a taxing amendment operates only prospectively, even if the assessment is completed after the amendment takes effect. Case-Laws Income Tax Mon, 13 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165297