https://www.taxtmi.com/caselaws?id=262825 A retrospective fiscal amendment to section 29 of the Punjab Value Added Tax Act was analysed as a whole and treated as applying to past assessments because the extended limitation period, proviso, and explanatory provisions showed legislative intent to cover earlier years. The amendment was also described as a valid curative and validating measure, because it removed the foundation of earlier judicial rulings on prior notice and opportunity rather than impermissibly overruling them. The constitutional objections were rejected on the basis that retrospective taxation is not invalid merely because it is harsh, and the proviso was treated as a permissible exception to the main rule. en-us Fri, 07 Aug 2015 00:00:00 +0530 Wed, 20 Jul 2016 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262825 A retrospective fiscal amendment to section 29 of the Punjab Value Added Tax Act was analysed as a whole and treated as applying to past assessments because the extended limitation period, proviso, and explanatory provisions showed legislative intent to cover earlier years. The amendment was also described as a valid curative and validating measure, because it removed the foundation of earlier judicial rulings on prior notice and opportunity rather than impermissibly overruling them. The constitutional objections were rejected on the basis that retrospective taxation is not invalid merely because it is harsh, and the proviso was treated as a permissible exception to the main rule. Case-Laws VAT and Sales Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262825