https://www.taxtmi.com/caselaws?id=353872 The High Court held that the retrospective amendments to Sections 28 and 80 HHC of the Income Tax Act 1961, along with the CBDT Circular dated 17.1.2006, were to be treated as prospective, not retrospective. Relying on precedents from the Gujarat High Court and the Supreme Court, the Court granted relief to the petitioner by declaring any demands made or benefits sought to be curtailed as illegal. The judgment emphasized the importance of legal precedent in interpreting tax laws and upholding the rule of law, setting a significant legal precedent for similar cases in the future. en-us Wed, 10 Jan 2018 00:00:00 +0530 Fri, 02 Feb 2018 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353872 The High Court held that the retrospective amendments to Sections 28 and 80 HHC of the Income Tax Act 1961, along with the CBDT Circular dated 17.1.2006, were to be treated as prospective, not retrospective. Relying on precedents from the Gujarat High Court and the Supreme Court, the Court granted relief to the petitioner by declaring any demands made or benefits sought to be curtailed as illegal. The judgment emphasized the importance of legal precedent in interpreting tax laws and upholding the rule of law, setting a significant legal precedent for similar cases in the future. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353872