https://www.taxtmi.com/caselaws?id=38486 Amended section 14 of the Companies (Profits) Surtax Act, 1964, could not be used to recompute chargeable profits on the basis of an Income-tax Act section 254 order passed before 1 April 1971. The amendment created a new power of recomputation and consequential amendment only from that date, and it did not operate retrospectively merely because the limitation period under the earlier order had not expired when the amendment began. The provision was therefore confined to Tribunal orders passed after the power came into force, and pre-1 April 1971 orders could not be reopened or revised under it. en-us Tue, 27 Sep 1977 00:00:00 +0530 Tue, 06 Apr 2010 16:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38486 Amended section 14 of the Companies (Profits) Surtax Act, 1964, could not be used to recompute chargeable profits on the basis of an Income-tax Act section 254 order passed before 1 April 1971. The amendment created a new power of recomputation and consequential amendment only from that date, and it did not operate retrospectively merely because the limitation period under the earlier order had not expired when the amendment began. The provision was therefore confined to Tribunal orders passed after the power came into force, and pre-1 April 1971 orders could not be reopened or revised under it. Case-Laws Income Tax Tue, 27 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38486