2026 (6) TMI 425

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....Lunker, Versus Union Of India, Union Of India Through Ministry Of Finance, New Delhi And Principle Commissioner Of Income Tax-Ii, The Income Tax Officer, Jodhpur And The Income Tax Officer, Barmer And The Income Tax Officer, Pali And Principle Commissioner Of Income Tax, The Assistant Commissioner Of Income Tax-Circle-1, Bikaner<br>Income Tax<br>2026 (6) TMI 425 - RAJASTHAN HIGH COURT - 2026:RJ - ....

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....an Maru ORDER PER ARUN MONGA, J:- 1. The learned counsels appearing for both sides in the aforesaid bunch of petitions are all ad idem that the controversy involved herein is similar to the one in D.B. Civil Writ Petition No. 3625/2020 titled Deepak Maratha Vs. Union of India & Ors. Accordingly on their request these matters were tagged with Deepak Maratha, ibid. 2. Vide separate judgm....

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....the first day of financial year 2017-18. For FY 2016-17, the law in force on 01.04.2016, prescribing a rate of 30%, must govern. The enhanced rate of tax @60% came into force on 01.04.2017 and can apply only from that date, i.e. for financial year 2017-18 onwards. (iv) The Taxation Laws (Second Amendment) Act, 2016 contains no express language for it's retrospective effect of section 115B....