Will of the legislature

If the government’s retrospective amendments to tax laws to be able to counter the Supreme Court’s (SC) decision wasn’t bad enough, the clarifications issued by the finance ministry the day after the Budget add salt to injury. The note, “Need to make retrospective amendment consequent to Vodafone judgment”, is quite upfront, if brazen, when it says that while the SC’s Vodafone judgment had said the government needed to bring in tax certainty, it “has not said that these legislative measures should be prospective or retrospective”!

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