https://www.taxtmi.com/caselaws?id=17668 The High Court of Punjab and Haryana ruled that the order passed by the Commissioner of Income-tax under section 263 was barred by limitation as it exceeded the two-year period from the original assessment. The court clarified the distinction between procedural and substantive laws, emphasizing that procedural laws govern enforcement methods, while substantive laws determine rights and liabilities. It held that amendments to procedural laws apply to ongoing proceedings, rejecting arguments against retrospective application. The court allowed the petitions and directed the Income-tax Appellate Tribunal to refer the legal question for further consideration. en-us Fri, 14 Feb 1997 00:00:00 +0530 Thu, 24 Sep 2009 10:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17668 The High Court of Punjab and Haryana ruled that the order passed by the Commissioner of Income-tax under section 263 was barred by limitation as it exceeded the two-year period from the original assessment. The court clarified the distinction between procedural and substantive laws, emphasizing that procedural laws govern enforcement methods, while substantive laws determine rights and liabilities. It held that amendments to procedural laws apply to ongoing proceedings, rejecting arguments against retrospective application. The court allowed the petitions and directed the Income-tax Appellate Tribunal to refer the legal question for further consideration. Case-Laws Income Tax Fri, 14 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17668