Amendment to section 54F restricting investment in property to India is not retrospective

Hemant Dinkar Kandlur Vs CIT (Bombay High Court)

The Bombay High Court has delivered a significant judgment in the case of Hemant Dinkar Kandlur vs. CIT, addressing the retrospective application of an amendment to Section 54F of the Income Tax Act, 1961. This article provides an in-depth analysis of the case and its implications.

Detailed Analysis: The case revolves around a dispute concerning the applicability of Section 54F of the Income Tax Act. The petitioner, a Non-Re

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