Section 80DD amendment by Finance Act, 2022 cannot be given retrospective effect: SC

Ravi Agrawal Vs Union of India & Another (Supreme Court of India) In Ravi Agrawal vs Union of India, the petitioner filed a writ under Article 32 of the Constitution, seeking the Supreme Court’s intervention for retrospective application of amendments made to Section 80DD of the Income Tax Act. This section addresses deductions related to payments for the benefit of disabled dependents. The petitioner argued that the amendments introduced by the Finance Act 2022, effective from April 1, 2023, should apply to older policies to benefit a larger group of subscribers. However, the Court ...