https://www.taxtmi.com/caselaws?id=276673 A retrospective amendment must be applied by the appellate court on the law in force at the time of hearing, and where a statutory expression has already received settled judicial construction, the same wording in a cognate provision may be read consistently. On that basis, the expressions "issued" and "served" in section 34 of the Income-tax Act were treated as equivalent for the purpose of section 4 of the 1959 Amendment Act. A reassessment notice served after the eight-year period was therefore treated as issued out of time but saved by section 4, and the limitation challenge failed. en-us Thu, 13 Jul 1961 00:00:00 +0530 Thu, 15 Nov 2018 16:31:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276673 A retrospective amendment must be applied by the appellate court on the law in force at the time of hearing, and where a statutory expression has already received settled judicial construction, the same wording in a cognate provision may be read consistently. On that basis, the expressions "issued" and "served" in section 34 of the Income-tax Act were treated as equivalent for the purpose of section 4 of the 1959 Amendment Act. A reassessment notice served after the eight-year period was therefore treated as issued out of time but saved by section 4, and the limitation challenge failed. Case-Laws Income Tax Thu, 13 Jul 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276673