Section 80HHC Retrospective Amendments Are Ultra Vires: Bombay High Court

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From: editor@itatonline.org <itatonline.org@gmail.com>
Date: Thu, Sep 6, 2012 at 4:15 PM
Subject: Message from EGroup of SolapurCAs S. 80HHC Retrospective Amendments Are Ultra Vires: Bombay High Court
To: editor@itatonline.org

 

Dear Subscriber,

 

The following important judgement is available for download at itatonline.org.

Vijaya Silk House (Bangalore) Limited vs. UOI (Bombay High Court)

Retrospective effect given to 3rd & 4th Provisos to s. 80HHC is ultra vires

 

The assessee filed a Writ Petition to challenge the constitutional validity of clause (iiid) and (iiie) to s. 28 and the insertion of the third and fourth provisos to s. 80HHC by the Taxation Laws (Amendment) Act, 2005. Similar matters had been filed before various High Courts. Pursuant to the department's application, the Supreme Court directed that the matter should first be decided by the Gujarat High Court. The Gujarat High Court allowed the Petition in Avani Exports vs. CIT and held that retrospective effect given to 3rd & 4th Provisos to s. 80HHC is ultra vires. HELD by the Bombay High Court:

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Regards,

Editor,

itatonline.org

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