Section 40(a)(ia) amendment is Curative & is Retrospective

CIT Vs Archean Granites Private Ltd. (Madras High Court) Amendment in Section 40(a)(ia) of Income Tax Act, 1961 considered as Curative in Nature & hence Apply Retrospectively The issue under consideration is whether Tribunal is right in holding that amendment made to Section 40(a)(ia) by Finance Act, 2010 would apply retrospectively though the amendment is made with effect from 01.4.2010?  High Court states that, a proviso which is inserted to remedy unintended consequences and to make the provision workable, a proviso which supplies an obvious omission in the Section, is required to be r...