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TMI Blog1982 (10) TMI 66X X X X Extracts X X X X X X X X Extracts X X X X ..... 73. 2. The only ground taken in the appeal is that the AAC erred in holding that a sum of Rs. 56,500 received by the assessee by way of reward from Customs Department is taxable. 3. The assessee received a sum of Rs. 22,500 on 20-7-1972 and Rs. 34,000 on 30-6-1972, totalling Rs. 56,500, as reward from customs authorities. The assessee claimed that the amounts are exempt from tax under section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government only on 19-9-1975. It was stated in the order that the Central Government approves for the purpose of clause (17B) of section 10, the grant of awards in cash by the Central Government to persons who furnish to the Income-tax Department or the Central Excise and Customs Department information of tax evasion. The assessee now claims that this order approving the rewards granted by the Cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 19-9-1975 is immaterial, and that the order will also have retrospective effect with effect from 1-4-1973. 5. We are unable to accept contention. The assessee cannot claim exemption merely because clause (17B) was placed on the statute book with effect from 1-4-1973. Exemption can be claimed only on the basis of an order issued by the Central Government under the clause approving the award fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eated as effective from 1-4-1975. The rulings do not support the claim of the learned counsel for the assessee that the order would be effective from the date on which the clause came into effect. It is not also possible to accept the contention of the learned counsel for the assessee that when a provision is introduced in a statute with retrospective effect, all subsequent orders or notifications ..... X X X X Extracts X X X X X X X X Extracts X X X X
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