https://www.taxtmi.com/caselaws?id=342524 The High Court upheld the constitutional validity of the retrospective amendment to Section 115JB(2) of the Income Tax Act, dismissing the writ petition challenging the retrospective operation of the clause. The court found that the retrospective change corrected an existing provision without introducing a new levy, aligning with legal principles and not causing undue hardship or injustice. Previous judgments addressing similar issues were considered, leading to the rejection of the petitioners' arguments against the retrospective effect of the amendment. en-us Wed, 03 May 2017 00:00:00 +0530 Wed, 30 Aug 2017 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342524 The High Court upheld the constitutional validity of the retrospective amendment to Section 115JB(2) of the Income Tax Act, dismissing the writ petition challenging the retrospective operation of the clause. The court found that the retrospective change corrected an existing provision without introducing a new levy, aligning with legal principles and not causing undue hardship or injustice. Previous judgments addressing similar issues were considered, leading to the rejection of the petitioners' arguments against the retrospective effect of the amendment. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342524