Madras HC refuses to give retrospective effect to increased tax free gratuity limit of Rs. 20 lakh

INCOME TAX : Where petitioner filed writ praying to declare that appointed date of Notification No. S.O. 1419 (E), dated 29-3-2018, which increases exemption limit in respect of amount received as gratuity under Payment of Gratuity Act, 1972 from Rs. 10 lakhs to Rs. 20 lakhs, be declared as 1-6-2016 instead of 29-3-2018, since there is no ambiguity either in section 10(10)(ii) or in amendment Notifications, petitioner has completely failed to make out a case that amendment should be implemented

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