Tuesday 11 November 2014

Proviso to sec. 113 levying surcharge in cases of block assessment is prospective; SC dismisses SLP

IT : Insertion of proviso to section 113 could not be said to be clarificatory in nature as prior to its insertion there was ambiguity with regard levy of surcharge in case of block assessment. Thus, proviso to section 113 levying surcharge in cases of block assessment was effective prospectively


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