In Commissioner of Income-tax v. Vatika Township (P) Ltd (2014), the Constitution Bench relied on the…
Vatika Township (2014) explained "lex prospicit non respicit" as "law looks forward not backward". It underlies the presumption that legislation is not intended to operate…
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In Commissioner of Income-tax v. Vatika Township (P) Ltd (2014), the Constitution Bench relied on the maxim "lex prospicit non respicit". What does it mean?
Answer and explanation
Correct answer A
Vatika Township (2014) explained "lex prospicit non respicit" as "law looks forward not backward". It underlies the presumption that legislation is not intended to operate retrospectively unless a contrary intention appears. A later law repealing an earlier one is lex posterior derogat priori, which is a different maxim.
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