https://www.taxtmi.com/caselaws?id=49566 A retrospective amendment withdrawing the section 14(2)(c) exemption was treated as operating on the assessment year, so it also affected the corresponding previous year for income accruing in Rajasthan before 1 April 1950. The application of the Indian Income-tax Act to Rajasthan under the Indian Finance Act, 1950 was not treated as incorporation by reference that would freeze the Act against later amendment. Parliament therefore retained power to amend the law retrospectively for that territory, and the retrospective fiction removed the exemption without any saving provision preserving the earlier relief. en-us Wed, 31 Aug 1960 00:00:00 +0530 Tue, 02 Sep 2014 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49566 A retrospective amendment withdrawing the section 14(2)(c) exemption was treated as operating on the assessment year, so it also affected the corresponding previous year for income accruing in Rajasthan before 1 April 1950. The application of the Indian Income-tax Act to Rajasthan under the Indian Finance Act, 1950 was not treated as incorporation by reference that would freeze the Act against later amendment. Parliament therefore retained power to amend the law retrospectively for that territory, and the retrospective fiction removed the exemption without any saving provision preserving the earlier relief. Case-Laws Income Tax Wed, 31 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49566