Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Income Tax Dept. Cannot Reopen Old Assessments Using Future Amendment Banning Goodwill Depreciation: Gujarat HC
Income TaxOther Legal Matters
The Gujarat HC ruled that the Income Tax Department cannot reopen old assessments using a future amendment banning goodwill depreciation. This protects taxpayers from retrospective application of tax laws. It ensures fairness and legal certainty in tax matters.
