https://www.taxtmi.com/caselaws?id=16327 An amendment affecting agricultural income-tax applied to assessment year 1992-93 because the relevant assessment is governed by the law in force on the first day of the assessment year, absent retrospective operation. The taxable subject is the income of the previous year, but the assessment is made with reference to the law then prevailing. Since the previous year ended before the amendment came into force, the Tribunal erred in excluding its application. The revision succeeded and the assessment made by the Assistant Commissioner was restored. en-us Wed, 07 Jan 1998 00:00:00 +0530 Mon, 07 Sep 2009 10:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16327 An amendment affecting agricultural income-tax applied to assessment year 1992-93 because the relevant assessment is governed by the law in force on the first day of the assessment year, absent retrospective operation. The taxable subject is the income of the previous year, but the assessment is made with reference to the law then prevailing. Since the previous year ended before the amendment came into force, the Tribunal erred in excluding its application. The revision succeeded and the assessment made by the Assistant Commissioner was restored. Case-Laws Income Tax Wed, 07 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16327