https://www.taxtmi.com/caselaws?id=787638 In tax matters, the applicable law is ordinarily the law in force for the assessment year unless the statute indicates a different operation. Applying that principle, the amendment inserting Section 8B from 01.04.2009 was treated as operating for assessment year 2009-2010, so the charge extended to the agricultural income of the immediately preceding previous year 2008-2009. The commentary reconciles Supreme Court authorities and states that this approach was consistent with the earlier Division Bench view, making Section 8B applicable to that income for assessment year 2009-2010. 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 In tax matters, the applicable law is ordinarily the law in force for the assessment year unless the statute indicates a different operation. Applying that principle, the amendment inserting Section 8B from 01.04.2009 was treated as operating for assessment year 2009-2010, so the charge extended to the agricultural income of the immediately preceding previous year 2008-2009. The commentary reconciles Supreme Court authorities and states that this approach was consistent with the earlier Division Bench view, making Section 8B applicable to that income for assessment year 2009-2010. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787638