https://www.taxtmi.com/caselaws?id=166427 A notification issued under a prospective taxing provision cannot be treated as retrospective unless the statute expressly authorises backward operation, and its validity runs from the actual date of issue. In fiscal law, exemption notifications are construed strictly, so a backdated operation stated in the notification does not extend its legal effect beyond what the parent Act permits. A reassessing authority must also exercise its own quasi-judicial judgment and cannot reopen an assessment merely on a superior authority's clarification without independent application of mind. The article concludes that the concessional rate applied and the reassessment and revisional orders could not be sustained. en-us Thu, 17 Mar 2011 00:00:00 +0530 Thu, 25 Sep 2014 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166427 A notification issued under a prospective taxing provision cannot be treated as retrospective unless the statute expressly authorises backward operation, and its validity runs from the actual date of issue. In fiscal law, exemption notifications are construed strictly, so a backdated operation stated in the notification does not extend its legal effect beyond what the parent Act permits. A reassessing authority must also exercise its own quasi-judicial judgment and cannot reopen an assessment merely on a superior authority's clarification without independent application of mind. The article concludes that the concessional rate applied and the reassessment and revisional orders could not be sustained. Case-Laws VAT and Sales Tax Thu, 17 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166427