India’s Shome report: Retroactivity only in “rarest of rare” cases

Matthew Gilleard

October 14, 2012

The recommendations of the Parthasarathi Shome-led committee regarding the validity and appropriateness of retrospective amendments to the Indian tax law in light of the retroactive law change following Vodafone, have now been publicised. The panel urged that using retrospective amendments should be reserved for exceptional and rare cases.

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India’s Shome report: Retroactivity only in “rarest of rare” cases

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