https://www.taxtmi.com/caselaws?id=276983 A retrospective amendment that omits a limitation clause and deems the omission to have always existed is treated as if the clause never formed part of the statute. On that basis, the five-year restriction originally in section 15 of the Excess Profits Tax Act could not bar reassessment once the amendment took effect before the claim had become time-barred. The objection that the notice had to be issued only under section 15, and not section 13, was rejected as unavailable at that stage and, in any event, section 13 was wide enough to cover a person liable to excess profits tax. The assessment was therefore treated as valid and not time-barred. en-us Wed, 29 Sep 1954 00:00:00 +0530 Wed, 21 Nov 2018 17:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276983 A retrospective amendment that omits a limitation clause and deems the omission to have always existed is treated as if the clause never formed part of the statute. On that basis, the five-year restriction originally in section 15 of the Excess Profits Tax Act could not bar reassessment once the amendment took effect before the claim had become time-barred. The objection that the notice had to be issued only under section 15, and not section 13, was rejected as unavailable at that stage and, in any event, section 13 was wide enough to cover a person liable to excess profits tax. The assessment was therefore treated as valid and not time-barred. Case-Laws Income Tax Wed, 29 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276983