Omission of a statutory tax provision ends its legal application from the Act's prescribed effective date, altering tax framework. Omission of section 115 of the Income-tax Act is effected by the Finance Act, 1987, which expressly deletes the provision and makes it inapplicable from ... Summary
Omission of a statutory tax provision ends its legal application from the Act's prescribed effective date, altering tax framework.
Omission of section 115 of the Income-tax Act is effected by the Finance Act, 1987, which expressly deletes the provision and makes it inapplicable from the Act's stated effective date.
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