{"id":344,"date":"2009-01-10T08:36:13","date_gmt":"2009-01-10T08:36:13","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=344"},"modified":"2009-01-10T08:36:13","modified_gmt":"2009-01-10T08:36:13","slug":"cit-vs-vatika-township-supreme-court","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/cit-vs-vatika-township-supreme-court\/","title":{"rendered":"CIT vs. Vatika Township (Supreme Court)"},"content":{"rendered":"<p><a href=\"http:\/\/www.itatonline.org\/dlmonitor\/download.php?t=f&#038;i=180\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.itatonline.org\/images\/download.gif?w=605\" class=\"alignright\" border=\"0\" \/><\/a><\/p>\n<p><strong>The Q whether the Proviso to s. 113 is retrospective or prospective referred to Full Bench<\/strong><\/p>\n<p>In <strong><a href=\"http:\/\/www.itatonline.org\/downloads2\/index.php?suresh_gupta_block_assessment_surcharge.pdf\">CIT vs. Suresh N. Gupta <\/a><\/strong>297 ITR 322, the Supreme Court held that the Provio to s. 113 (which imposes surcharge on block assessments), though inserted only with effect from 1.6.2002, was applicable to searches conducted prior to that date as it was \u2018clarificatory\u2019 and \u2018curative\u2019 in nature. <\/p>\n<p>HELD, however, by another Division Bench that as the said proviso was introduced with effect from 1.6.2002, i.e. with prospective effect \u201c<strong>we are of the opinion that keeping in view the principles of law that the taxing statute should be construed strictly and a statute, ordinarily, should not be held to have any retrospective effect, it is necessary that the matter be considered by a larger Bench<\/strong>\u201d.<\/p>\n<p>See Also: <strong><a href=\"http:\/\/www.itatonline.org\/articles_new\/?p=22\">The bane of retrospective amendments<\/a><\/strong> by N. M. Ranka, Advocate and <strong><a href=\"http:\/\/www.itatonline.org\/interpretation\/interpretation22.php\">Interpretation of Statutes<\/a><\/strong> by Sorabh Soparkar, Advocate. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <strong><a href=\"http:\/\/www.itatonline.org\/downloads2\/index.php?suresh_gupta_block_assessment_surcharge.pdf\">CIT vs. Suresh N. Gupta <\/a><\/strong>297 ITR 322, the Supreme Court held that the Provio to s. 113 (which imposes surcharge on block assessments), though inserted only with effect from 1.6.2002, was applicable to searches conducted prior to that date as it was \u2018clarificatory\u2019 and \u2018curative\u2019 in nature. <\/p>\n<p>&nbsp;<\/p>\n<p>HELD, however, by another Division bench that as the said proviso was introduced with effect from 1.6.2002, i.e. with prospective effect \u201cwe are of the opinion that keeping in view the principles of law that the taxing statute should be construed strictly and a statute, ordinarily, should not be held to have any retrospective effect, it is necessary that the matter be considered by a larger Bench\u201d.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/cit-vs-vatika-township-supreme-court\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,7],"tags":[],"class_list":["post-344","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-supreme-court"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/344\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}