https://www.taxtmi.com/caselaws?id=787638 The article addresses whether the Assam amendment's Section 8B, notified to commence on 1 April 2009, governs agricultural income of the financial year 2008-2009. It applies the principle that the law in force at the commencement of an assessment year governs assessments unless retrospective intent is explicit or necessarily implied. Because the amendment came into force on the first day of the assessment year, the operative law for assessment year 2009-2010 is the amendment, and thus Section 8B applies to agricultural income of the previous financial year 2008-2009. en-us Fri, 06 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787638 The article addresses whether the Assam amendment's Section 8B, notified to commence on 1 April 2009, governs agricultural income of the financial year 2008-2009. It applies the principle that the law in force at the commencement of an assessment year governs assessments unless retrospective intent is explicit or necessarily implied. Because the amendment came into force on the first day of the assessment year, the operative law for assessment year 2009-2010 is the amendment, and thus Section 8B applies to agricultural income of the previous financial year 2008-2009. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787638