The court dismissed the application and the appeal, pointing out the importance of adhering to the law of limitation and expressing the need for government officials to act with due expedition.
Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]
The retrospective taxation, introduced by then Finance Minister Pranab Mukherjee in 2012 as an amendment to the Income Tax Act, proved a costly policy misadventure