https://www.taxtmi.com/caselaws?id=443423 The SC allowed the appeals filed by cashew exporters, setting aside the Kerala HC's orders that upheld the retrospective amendment to Section 80-HHC(3) of the Income Tax Act, 1961, and the validity of rectification orders under Section 154. The SC restored the original assessment orders, emphasizing that the retrospective amendment issue had been settled in previous judgments, rendering the HC's remand order redundant. The SC clarified the application of the retrospective amendment and upheld the validity of the rectification orders in accordance with the amendments. en-us Thu, 14 Sep 2023 00:00:00 +0530 Mon, 01 Jun 2026 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443423 The SC allowed the appeals filed by cashew exporters, setting aside the Kerala HC's orders that upheld the retrospective amendment to Section 80-HHC(3) of the Income Tax Act, 1961, and the validity of rectification orders under Section 154. The SC restored the original assessment orders, emphasizing that the retrospective amendment issue had been settled in previous judgments, rendering the HC's remand order redundant. The SC clarified the application of the retrospective amendment and upheld the validity of the rectification orders in accordance with the amendments. Case-Laws Income Tax Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443423