Supreme Court · 2014 INSC 629 · Decided 15 September 2014
Commissioner of Income Tax (CENTRAL)-1, New Delhi v. Vatika Township Private Limited
- Court
- Supreme Court of India
- Citation
- 2014 INSC 629 · [2014] 12 S.C.R. 1037
- Case number
- CIVIL APPEAL No. 8750/2014
- Decided
- 15 September 2014
- Bench
- RAJENDRA MAL LODHA, J.S. KHEHAR, JASTI CHELAMESWAR, A.K. SIKRI, R.F. NARIMAN (5-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 113
Headnote
A B Income Tax Act, 1961 - s. 113 proviso (insertion by the C Finance Act, 2002) - Surcharge Qn block assessment - Block assessment for the period from 01.04.1989 to 10.02.2000 :­ Levy of surcharge under the proviso inserted the Finance Act, 2002, with effect from 01.06.2002 - Prospective or retrospective in operation ..,.. Held: Is to be construed D prospective in nature - The intention of the legislature was to make proviso in s. 113 prospective in nature - This proviso cannot be treated as declaratory/statutory or
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