Eye Share: Delhi HC’s decision on TRAN Credit and 6 takeaways in the wake of Retrospective Amendment

The author Mr. K. Srinivasan (Senior Associate, Indirect and Corporate Taxes, RANK Associates) explains how the question on time prescription has failed to receive enough attention from the Court. Considering, it important to envision clearly the perfect backdrop of jurisprudence displayed by various courts, the author states, it highlights the fact that tax credit is not so absolutely vested in the taxpayer, to hold the field of taxation unconditionally in his favo...