When a provision is made in fiscal statute for the benefit of the assessee, in the absence of any express provision or a provision which by necessary implication gives a different impression, such provision which is beneficial to the assessee must be read and given effect to retroactively.
CIT v. Manoj Kumar Singh. (2018) 402 ITR 238/ 303 CTR 294/ 167 DTR 179 (All) (HC)
Interpretation of taxing statutes — Beneficial Provision — Retrospective application.