Why The Retrospective Amendments in Finance Bill 2012 May Not Be Valid

Why The Retrospective Amendments in Finance Bill 2012 May Not Be Valid

by Shri. K. C. Singhal, Advocate, VP, ITAT (Retd)

The author, a former Vice-President of the Tribunal & now a practicing advocate, explains why the retrospective amendments proposed in the Finance Bill 2012 may not meet the test of law. He also points out that retrospective amendments to reverse settled principles of law result in enormous harassment for the tax payer and send out an adverse message to citizens & foreign investors that the India does not play fair

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