https://www.taxtmi.com/caselaws?id=14611 The High Court ruled in favor of the assessee, upholding the Tribunal's decision that penalizing the assessee for a retrospective amendment to tax law would be unjust. The Court emphasized that when an assessee files a return under existing law, they cannot be held liable for subsequent changes and additional tax. The decision was based on principles of justice and fairness, highlighting the importance of protecting taxpayers from unforeseen amendments that could impact their tax liabilities. en-us Mon, 18 Sep 2000 00:00:00 +0530 Fri, 17 Jul 2009 14:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14611 The High Court ruled in favor of the assessee, upholding the Tribunal's decision that penalizing the assessee for a retrospective amendment to tax law would be unjust. The Court emphasized that when an assessee files a return under existing law, they cannot be held liable for subsequent changes and additional tax. The decision was based on principles of justice and fairness, highlighting the importance of protecting taxpayers from unforeseen amendments that could impact their tax liabilities. Case-Laws Income Tax Mon, 18 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14611