Supreme Court · 2002 INSC 190 · Decided 11 April 2002
K.M Sharma v. Income Tax Officer, Ward 13 (7) New Delhi
- Court
- Supreme Court of India
- Citation
- 2002 INSC 190 · [2002] 2 S.C.R. 1047
- Case number
- CIVIL APPEAL No. 7742/1997
- Decided
- 11 April 2002
- Bench
- S.P. BHARUCHA, N. SANTOSH HEGDE, D.M. DHARMADHIKARI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Land Acquisition Act; Income Tax Act Section 147, 148, 149, 150(1), 150
Headnote
j Income Tax Act, 1961 : Sections 147, 148 and 149. Section 150(1) [As amended with effect from 1.4.1989} and Section c 150(2). Income Tax-Assessee---Receipt of interest on compensation for· land acquisition-Assessment-Limitation-Reassessment to levy tax-Permissibility o~Held amendment to ' assessment which have become final due to bar of liniitation prior to D amendment~Section 150(2) is also applicable to court orders apart from ' income-tax proceedings. Fiscal statute-Interpretation of-Provision imposing liability-Held such a law is not retrospective in the absence of
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