Bombay HC Denies SASF’s Prospective Tax Relief, Upholds Retrospective VAT Liability on Past Sales [Read Order]
The Bombay High Court ruled that SASF is not entitled to prospective tax relief, making it retrospectively liable for VAT on past sales
By Kavi Priya - On March 5, 2025 11:44 am - 2 mins read
In a recent ruling, the Bombay High Court denied the Stressed Assets Stabilization Fund ( SASF ) the benefit of prospective tax relief, holding it retrospectively liable for VAT on past sales. The case arose from a dispute over whether the appellant, a trust set up by the Central Government to recover stressed assets from…
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