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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Vires of clause (i) of explanation 1 to Section 115JB(2) in its ...


Amendment to Explanation 1, Section 115JB(2) Valid; Corrected Statutory Flaw, Applies Retrospectively and Prospectively.

May 6, 2017

Case Laws     Income Tax     HC

Vires of clause (i) of explanation 1 to Section 115JB(2) in its prospective and retrospective operation - The amending Act cured the statutory provision of the vice from which it suffered and it was given retrospective effect which was quite within the competence of the legislature. - HC

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