https://www.taxtmi.com/caselaws?id=257964 Educational institutions with income-tax exemption were treated as entitled to refund of additional FAR charges paid under protest after a later notification exempted educational, health-care and social welfare societies from those charges. The exemption was read as beneficial and intended to confer a benefit without affecting vested rights or causing public detriment, so the presumption against retrospectivity was displaced by fairness and parity. Institutions similarly situated to those already granted relief could not be denied the same treatment, and the exemption notification was applied retrospectively with consequential refund of the deposited amounts. en-us Wed, 30 Apr 2014 00:00:00 +0530 Fri, 27 Mar 2015 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257964 Educational institutions with income-tax exemption were treated as entitled to refund of additional FAR charges paid under protest after a later notification exempted educational, health-care and social welfare societies from those charges. The exemption was read as beneficial and intended to confer a benefit without affecting vested rights or causing public detriment, so the presumption against retrospectivity was displaced by fairness and parity. Institutions similarly situated to those already granted relief could not be denied the same treatment, and the exemption notification was applied retrospectively with consequential refund of the deposited amounts. Case-Laws Indian Laws Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257964