Amendment to Section 47 removes clause (ii), altering the statutory composition of income tax provisions. Amendment to the Income-tax Act effects the omission of clause (ii) of section 47 by virtue of the Finance Act, 1987, with that omission taking effect ... Summary
Amendment to Section 47 removes clause (ii), altering the statutory composition of income tax provisions.
Amendment to the Income-tax Act effects the omission of clause (ii) of section 47 by virtue of the Finance Act, 1987, with that omission taking effect from the first day of April following enactment. The instrument operates solely by removing the specified clause from the statutory text, thereby altering the legal composition of section 47.
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