https://www.taxtmi.com/caselaws?id=57406 An amendment introducing Explanation 2 to section 40(b) of the Income-tax Act was treated as declaratory, intended to remove doubts about the provision's meaning and effect. A declaratory amendment ordinarily operates retrospectively, so it applied to pending reference proceedings even though it was stated to come into force from 1-4-1985. On that basis, the proposed reference became unnecessary, the pending proceedings were rendered infructuous, and the applications were rejected because no useful question survived for adjudication. en-us Wed, 31 Oct 1984 00:00:00 +0530 Fri, 10 Dec 2010 10:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57406 An amendment introducing Explanation 2 to section 40(b) of the Income-tax Act was treated as declaratory, intended to remove doubts about the provision's meaning and effect. A declaratory amendment ordinarily operates retrospectively, so it applied to pending reference proceedings even though it was stated to come into force from 1-4-1985. On that basis, the proposed reference became unnecessary, the pending proceedings were rendered infructuous, and the applications were rejected because no useful question survived for adjudication. Case-Laws Income Tax Wed, 31 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57406