Tag Archives: Section 50C retrospective effect

Proviso to section 50C by Finance Act 2016 w.e.f 1-4-2017 has retrospective effect

Held when legislature is reasonable and compassionate enough to undo the undue hardship caused by the statute “such an amendment in law, in view of the well settled legal position to the effect that a curative amendment to avoid unintended consequences is to be treated as retrospective in nature even though it may not state… Read More »