https://www.taxtmi.com/caselaws?id=175883 An exemption notification issued on 23 November 1982 was held not to operate retrospectively for earlier accounting years, because its language extended only prospectively up to 1982-83. The Housing Board could not claim statutory exclusion from the bonus legislation for the relevant years, as it had consistently proceeded on the basis that the Act applied and had itself sought exemption. Exemption under section 36 was invalid because the affected employees were not given an opportunity to place rebuttal material before the Government; where a welfare exemption deprives employees of accrued statutory benefits, both sides' material must be considered before the exemption is granted. en-us Tue, 25 Nov 1997 00:00:00 +0530 Tue, 30 Dec 2025 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175883 An exemption notification issued on 23 November 1982 was held not to operate retrospectively for earlier accounting years, because its language extended only prospectively up to 1982-83. The Housing Board could not claim statutory exclusion from the bonus legislation for the relevant years, as it had consistently proceeded on the basis that the Act applied and had itself sought exemption. Exemption under section 36 was invalid because the affected employees were not given an opportunity to place rebuttal material before the Government; where a welfare exemption deprives employees of accrued statutory benefits, both sides' material must be considered before the exemption is granted. Case-Laws Indian Laws Tue, 25 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175883