https://www.taxtmi.com/caselaws?id=5763 A retrospective declaratory amendment to section 2(1A) of the Income-tax Act was treated as effective from 1 April 1970 and as excluding income from transfer of agricultural land referred to in section 2(14)(iii)(a) or (b) from the definition of agricultural income. That statutory change displaced contrary judicial interpretation, so gains from such transfers could not be treated as agricultural income or kept outside capital gains taxation on the earlier reasoning. The challenge to the validity of the Explanation was not examined because no such challenge was before the Court, and the High Court's contrary view was set aside. en-us Fri, 01 Oct 1999 00:00:00 +0530 Thu, 01 Jan 2026 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5763 A retrospective declaratory amendment to section 2(1A) of the Income-tax Act was treated as effective from 1 April 1970 and as excluding income from transfer of agricultural land referred to in section 2(14)(iii)(a) or (b) from the definition of agricultural income. That statutory change displaced contrary judicial interpretation, so gains from such transfers could not be treated as agricultural income or kept outside capital gains taxation on the earlier reasoning. The challenge to the validity of the Explanation was not examined because no such challenge was before the Court, and the High Court's contrary view was set aside. Case-Laws Income Tax Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5763