Shaw Wallace & Co. Ltd. vs Commissioner Of Income Tax And Ors.

The Supreme Court set aside a block assessment order passed under an interim order and remanded the matter back to the Tribunal and CIT(A). The Court directed that appeals against previous block and regular assessment orders be heard afresh, allowing the appellant to raise all legal contentions. Crucially, the Court mandated that these authorities must consider retrospective amendments introduced in 2002 while deciding the cases.