IT : When Legislature amends provisions of Act with retrospective effect, it can

IT : When Legislature amends provisions of Act with retrospective effect, it cannot be said that there was failure on part of assessee to disclose fully and truly all material facts at relevant time and, thus, reassessment proceedings can not be initiated in such a case



[2013] 31 taxmann.com 278 (Bombay)

HIGH COURT OF BOMBAY

Commissioner of Income-tax

v.

K. Mohan and Co. (Exports) (Regd.)*