New Delhi, July 26 -- Supreme Court judge Ujjal Bhuyan on Friday expressed serious concerns over retrospective application of taxing provisions, and called for a thorough re-evaluation of these measures, saying that the same has significantly dented India's image globally. Speaking at the release of 13th edition of Sampath Iyengar's Law of Income Tax, justice Bhuyan, while highlighting the expectation of domestic and foreign investors, emphasised that investors expect stability in tax laws at the time of making investments and must not be subjected to the retrospective application of decade old laws. "Investors both domestic and foreign, they want certainty particularly in taxing statutes. They do not want to face a situation where, based on today's law, they make an investment and then tomorrow, they are told that the law which prevailed a decade ago will be applicable," the judge, in his address. He added, "I have no hesitation in saying that retrospective taxing provisions, which are quite a few in the Income Tax Act, have dented India's image. As we try to position ourselves as a global powerhouse, economically, it is a matter of serious concern, and requires a deep reflection." He also stressed on expediting adjudication process. "The adjudicating process also needs to be fast tracked to instill confidence amongst the investors." The judge further urged the government to address stakeholder's concerns over extending revenue authorities power for search and seizure in cases of undisclosed income in digital space, in the new Income Tax Bill, 2025. "Taxing statutes have additionally granted search and seizure power to the revenue, premised on the belief that there is undisclosed income which has not been disclosed to taxation. As our lives and business moves into the digital space, the apprehensions have been expressed in conscious circles that the new bill may extend such powers into the digital space," he added....