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correctness of the judgment of Hon'ble Apex Court in the case of Gold Coin

Started by brett_lee38, January 15, 2009, 01:48:15 PM

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brett_lee38

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

bhaskar rao

Dear Sir,

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

Yours faithfully,

Bhaskar Rao, ITP.

brett_lee38

The citation of Varas International is 283 ITR 484 its a consitutional Bench Judgment comprising of 5 judges  :-*