{"id":22639,"date":"2021-11-17T13:26:12","date_gmt":"2021-11-17T07:56:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/m-m-aqua-technologies-ltd-v-cit-2021436-itr-582-204-dtr-337-321-ctr-753-282-taxman-281-sc\/"},"modified":"2021-11-17T13:26:12","modified_gmt":"2021-11-17T07:56:12","slug":"m-m-aqua-technologies-ltd-v-cit-2021436-itr-582-204-dtr-337-321-ctr-753-282-taxman-281-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/m-m-aqua-technologies-ltd-v-cit-2021436-itr-582-204-dtr-337-321-ctr-753-282-taxman-281-sc\/","title":{"rendered":"M. M. Aqua Technologies Ltd. v. CIT (2021)436 ITR 582\/ 204 DTR 337\/ 321 CTR 753\/ 282 Taxman 281 (SC)"},"content":{"rendered":"<p>A retrospective provision in a taxing Act which is for the removal of doubts cannot be presumed to be retrospective, even where such language is used, if it alters or changes the law as it earlier stood. This being the case, Explanation 3C is clarificatory : it explains section\u00a043B(d)\u00a0as it originally stood and does not purport to add a new condition retrospectively. Relied on \u00a0Sedco Forex International Drill. Inc. v. CIT ( 2005 ) 279 ITR 310 ( SC) \u00a0<\/p>\n<p>Any ambiguity in the language of Explanation 3C to section\u00a043B\u00a0shall be resolved in favour of the assessee. Relied on \u00a0Cape Brandy Syndicate v. IRC [1921] 1 KB 64 and Vodafone International Holdings BV\u00a0 v. UOI ( 2012 )) 341 ITR 1 (SC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interpretation of  taxing  statutes \u2014 Retrospective provision for the removal of doubts \u2014 Cannot be  presumed to be retrospective if  it alters or  changes law as it  stood- Ambiguity in language to be resolved in favour of  assessee.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[21],"tags":[],"class_list":["post-22639","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5T9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22639"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22639\/revisions"}],"predecessor-version":[{"id":22640,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22639\/revisions\/22640"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}