retrospectively. When retrospective legislation is passed imposing a tax, it may, in conceivable cases, become necessary to consider whether such retrospective taxation is reasonable ... reluctant to override the legislative judgment as to the necessity for retrospective taxation, not only because of the paramount governmental interest in obtaining adequate revenues
amendment may be brought into force either
prospectively or retrospectively. A retrospective taxation, by its very
nature, is intended to operate on conditions that were ... retrospective effect had already passed and
there cannot be any proper justification for imposition of any
fresh tax for those years. Such retrospective taxation
Mozambique, Paraguay, Peru, Venezuela, Romania, Russia, Slovenia and
Sweden have prohibited retrospective taxation.]
[Emphasis added]
W.A.Nos.1659 &
1487 ... said in favour of death that it is never retrospective.
Retrospective taxation has the undesirable effect of creating major uncertainties
in the business environment
Mozambique, Paraguay, Peru, Venezuela, Romania, Russia, Slovenia and
Sweden have prohibited retrospective taxation.]
[Emphasis added]
W.A.Nos.1659 &
1487 ... said in favour of death that it is never retrospective.
Retrospective taxation has the undesirable effect of creating major uncertainties
in the business environment
glad he virtually expressed himself against the concept of retrospective taxation. I agree with him that it sends a very negative signal ... British Parliament has imposed several taxes which are retrospective. There are legitimate cases in which retrospective taxation has been levied by Indian Parliament. I will
glad he virtually expressed himself against the concept of retrospective taxation. I agree with him that it sends a very negative signal ... British Parliament has imposed several taxes which are retrospective. There are legitimate cases in which retrospective taxation has been levied by Indian Parliament. I will
Empire Industries Limited & Ors. Etc vs Union Of India & Ors. Etc on 6
entries whether
prospectively, or retrospectively including
legislation with regard to taxation, still if the
retrospective levy of a taxes, altered its
essential nature and identity ... power to enact laws with retrospective effect
and as it was not suggested that laws
28
dealing with taxation are any exception to that
rule
July,
1963. It is contended on behalf of the petitioners that the
retrospective operation of the law from 1st July, 1963 would
make it unreasonable ... general proposition that the imposition of tax with
retrospective effect per se renders the law
unconstitutional. In applying the test of reasonableness to
a taxing
services for which payment was received in foreign exchange amounts to retrospective taxation which is not legally sustainable. He further contends that since the matter
