Deputy Director's ECB Conditions Deemed Unlawful: Retrospective Changes Impact Exemptions u/s 10(15) and TDS 195 IT Act.

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....Exemption u/s 10(15) - TDS u/s 195 - Utilization of ECB - by imposing a condition by Dy. Director (ECB) during the progress of the scheme was like changing the rules of the game in mid-way and the change of the rule was in respect of a game already played to alter its outcome. A retrospective or ex post facto change in such a manner is an arbitrary approach having no legal sanctity..... - AT....