https://www.taxtmi.com/caselaws?id=12286 The High Court of MADRAS ruled that Section 13A of the Income-tax Act, 1961, which provides special provisions for political parties, does not apply retrospectively to assessment years before its enactment. The court upheld the decision that the assessee, a political party, was not entitled to the benefits of Section 13A for the relevant assessment years. The judgment favored the Revenue, emphasizing that the provision should only be applied prospectively, aligning with the legislative intent and the specific circumstances surrounding the enactment of Section 13A. en-us Tue, 20 Aug 2002 00:00:00 +0530 Sun, 21 Feb 2010 06:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12286 The High Court of MADRAS ruled that Section 13A of the Income-tax Act, 1961, which provides special provisions for political parties, does not apply retrospectively to assessment years before its enactment. The court upheld the decision that the assessee, a political party, was not entitled to the benefits of Section 13A for the relevant assessment years. The judgment favored the Revenue, emphasizing that the provision should only be applied prospectively, aligning with the legislative intent and the specific circumstances surrounding the enactment of Section 13A. Case-Laws Income Tax Tue, 20 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12286