https://www.taxtmi.com/caselaws?id=196775 The Maharashtra State amendment inserting Section 69-A of the Indian Partnership Act, 1932 required intimation of changes in partnership particulars within 90 days and introduced a daily penalty for default, but it was not shown to operate retrospectively. Because the alleged omissions related to alterations made in 1972, 1975 and 1979, when the unamended law did not impose that time limit or penalty, the penal provision could not be applied to past acts. Penal amendments creating new liability must be construed strictly and, absent clear express words or necessary implication, cannot attach to prior transactions or omissions. The penalty orders were therefore liable to be quashed. en-us Sun, 26 Nov 2006 00:00:00 +0530 Tue, 18 Apr 2023 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196775 The Maharashtra State amendment inserting Section 69-A of the Indian Partnership Act, 1932 required intimation of changes in partnership particulars within 90 days and introduced a daily penalty for default, but it was not shown to operate retrospectively. Because the alleged omissions related to alterations made in 1972, 1975 and 1979, when the unamended law did not impose that time limit or penalty, the penal provision could not be applied to past acts. Penal amendments creating new liability must be construed strictly and, absent clear express words or necessary implication, cannot attach to prior transactions or omissions. The penalty orders were therefore liable to be quashed. Case-Laws Indian Laws Sun, 26 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196775