Muhammad Faisal v. Commissioner Inland Revenue (2025 SCMR 930). The

Sindh High Court

Court reiterated, with reference to Nagina Silk Mill v. Income Tax Officer (PLD 1963 SC 322), that statutes should not be applied retrospectively if doing so would prejudice vested rights or reopen past and closed transactions, except where the legislature has clearly and unambiguously expressed

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