Mentor’s comment- https://www.livemint.com/opinion/online-views/a-pragmatic-laying-to-rest-of-the-retro-tax-ghost-11628235698775.html In the intro, mention the changes made in 2012 that introduced the provision of retrospective taxation in India. In the body mention the implication of the repeal of the retrospective taxation- resolution of cases such as Vodafone and Cairn Energy, restoring the trust of investors, creation of visibility and stability in the … Continue reading Q.3 The government is amending the Income Tax Act to do away with retrospective taxation. Examine the advantages of this decision. (10 Marks)