Tax credit certificate scheme repeal removes the statutory tax credit mechanism under Section 280ZE, terminating its operation. Section 280ZE of the Income-tax Act, which established the tax credit certificate scheme, was omitted by the Finance Act, 1990, with effect from the ... Summary
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Tax credit certificate scheme repeal removes the statutory tax credit mechanism under Section 280ZE, terminating its operation.
Section 280ZE of the Income-tax Act, which established the tax credit certificate scheme, was omitted by the Finance Act, 1990, with effect from the commencement of the following fiscal year, thereby removing the statutory mechanism for tax credit certificates.
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