https://www.taxtmi.com/caselaws?id=307601 An amendment to Section 3(4)(b) of the Tamil Nadu VAT Act was treated as prospective, because the amending Act did not specify a retrospective date and commencement was notified only from 01.04.2012; the liability therefore had to be tested against the law in force during the relevant assessment years, and the petitioner could not rely on the amended provision for 2010-2011 and 2011-2012. The demand under Section 3(4)(b) was sustained, but the Court granted limited relief by directing reconsideration of the assessments for adjustment of input tax credit available under the applicable law and issuance of revised orders on that aspect. en-us Fri, 19 Feb 2021 00:00:00 +0530 Mon, 24 Apr 2023 21:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307601 An amendment to Section 3(4)(b) of the Tamil Nadu VAT Act was treated as prospective, because the amending Act did not specify a retrospective date and commencement was notified only from 01.04.2012; the liability therefore had to be tested against the law in force during the relevant assessment years, and the petitioner could not rely on the amended provision for 2010-2011 and 2011-2012. The demand under Section 3(4)(b) was sustained, but the Court granted limited relief by directing reconsideration of the assessments for adjustment of input tax credit available under the applicable law and issuance of revised orders on that aspect. Case-Laws VAT and Sales Tax Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307601