Since to retroactively apply the revocation of the BIR Ruling would prejudice the interest of the taxpayer and thus violate the rule on non-retroactivity of rulings, the CTA En Banc ruled that BIR ...

AS a general principle, our laws are prospective and forward-looking in nature. As expressed in Article 4 of the Civil Code of the Philippines, laws shall have no retroactive effect unless the ...

However, at least one Illinois court has rejected the retroactivity argument, and the issue may ultimately need to be resolved by an appellate court. Prior to the amendment, aggrieved individuals ...