appearing for the Revenue is
that amendment w.e.f. 01.04.2005 is retroactive even if not retrospective.
He has, thus, endeavoured to draw a fine ... distinction between the
retroactive nature of amendment in contrast with retrospectivity of a
provision. He argued that once the project is financed after
retrospective operation". When a procedural law is considered it
is always retroactive i.e. came into effect from past date so the
question ... shall arise in substantive laws only.
Considering the meaning of retrospective and retroactive laws, only
substantive civil laws can be operated retrospectively if the statute
transactions done prior to the commencement of the Policy, but after the retroactive date, i.e., after 01.07.1996. It was also stipulated that the claim ... would be payable subject to the financial loss having occurred after retroactive date, but discovered during the period of policy, i.e., from
Saanika Industries Pvt. Ltd., Surat vs Acit, Circle-4, , Surat on 2 March, 2017
IN
Section 200A can be read as having prospective effect
and not having retroactive character or effect.
6 ITA No. 14/JP/2017
Geeta Star Hotels
whole and such alterations may even be made retroactively. In
such instances tax administrations would have to determine what is
the underlying reality behind
Revenue cannot deny the benefit of
this section applying the principle of retroactivity even when
the provision has no retrospectivity. Take for example, a case
Revenue cannot deny the benefit of this section applying the principle of
retroactivity even when the provision has no retrospectivity. With the aforesaid
planning
unwelcome judicial interpretation of law, cannot be allowed to have the
same retroactive effect on an international instrument affected between
two sovereign states prior
Memorandum for the Record, dated April 10, 2002, regarding
retroactive dissolution of Luperla Foundation.
112. Letter to Peter Lowy from Leon C. Janks, dated December
