https://www.taxtmi.com/caselaws?id=342803 The rule-making authority under the governing Act could amend the academic exemption scheme, and the revised Regulation 41(2) validly limited the benefit to three consecutive terms. The amendment operated prospectively, so earlier chances already used before commencement were not counted, and the June 2012 term was excluded only for administrative transition. The petitioner could not claim a vested or perpetual right to continue the exemption under the earlier regime, because the amended text expressly confined the benefit and he had already exhausted it. The English-Hindi version discrepancy did not alter the result on the facts stated. en-us Mon, 27 Feb 2017 00:00:00 +0530 Fri, 12 May 2017 07:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342803 The rule-making authority under the governing Act could amend the academic exemption scheme, and the revised Regulation 41(2) validly limited the benefit to three consecutive terms. The amendment operated prospectively, so earlier chances already used before commencement were not counted, and the June 2012 term was excluded only for administrative transition. The petitioner could not claim a vested or perpetual right to continue the exemption under the earlier regime, because the amended text expressly confined the benefit and he had already exhausted it. The English-Hindi version discrepancy did not alter the result on the facts stated. Case-Laws Indian Laws Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342803