Bombay HC Rules Retrospective Legislation Cannot Affect the Vested Rights of the Assessee

In a pivotal legal development, the Bombay High Court ruling in the case serves as a beacon of hope for taxpayers, reinforcing their rights against retroactive tax legislation. The case, centered around Sar Senapati Santaji Ghorpade Sugar Factory Ltd., sheds light on the complexities and challenges taxpayers face in navigating tax settlement procedures amidst legislative

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