SC Upholds The Vires of Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 [Read Judgment]

The Supreme Court upholds constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009.Reiterating the settled proposition that Legislature has the power to enact prospectively as well as retrospectively, the Supreme Court, in Eurotex Industries and Exports Limited vs State of Maharashtra, has upheld a Bombay High Court judgment which had...