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Ask your queries or reply to others' queries => Discussion => Topic started by: brett_lee38 on January 15, 2009, 01:48:15 PM

Title: correctness of the judgment of Hon'ble Apex Court in the case of Gold Coin
Post by: brett_lee38 on January 15, 2009, 01:48:15 PM
In the case of Gold Coin Hon'ble Apex Court has overruled the verdict of virtual soft system and held that pebnalty is leviable in loss cases. However no body has brought to the notice of Hon'ble Apex Court the decision of Constitutional Bench in the case of Varas International where it has been held that unless and until the retrospectivity is spelt out in the amended provision it can not be treated as retrospective
Title: Re: correctness of the judgment of Hon'ble Apex Court in the case of Gold Coin
Post by: bhaskar rao on January 15, 2009, 03:22:26 PM
Dear Sir,

Can you pl give case ref of Varas International. Where it is reported?

Yours faithfully,

Bhaskar Rao, ITP.
Title: Re: correctness of the judgment of Hon'ble Apex Court in the case of Gold Coin
Post by: brett_lee38 on January 16, 2009, 12:03:29 PM
The citation of Varas International is 283 ITR 484 its a consitutional Bench Judgment comprising of 5 judges  :-*
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