https://www.taxtmi.com/caselaws?id=16967 The court ruled in favor of the assessee, emphasizing that withdrawing approval with retrospective effect would be on a weaker legal footing due to the principle against retrospective application of statutes. The judgment highlighted the intricate legal considerations surrounding the interpretation of statutory provisions, retrospective effect of administrative actions, and the overarching principle against retroactive application of laws in the context of tax deductions and approval withdrawals. en-us Wed, 06 May 1998 00:00:00 +0530 Mon, 14 Sep 2009 13:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16967 The court ruled in favor of the assessee, emphasizing that withdrawing approval with retrospective effect would be on a weaker legal footing due to the principle against retrospective application of statutes. The judgment highlighted the intricate legal considerations surrounding the interpretation of statutory provisions, retrospective effect of administrative actions, and the overarching principle against retroactive application of laws in the context of tax deductions and approval withdrawals. Case-Laws Income Tax Wed, 06 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16967