Tax credit certificates for exports provision omitted, removing the statutory export-linked tax credit mechanism. Tax credit certificates in relation to exports were governed by section 280ZC of the Income-tax Act, 1961; that provision established the statutory ... Summary
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Tax credit certificates for exports provision omitted, removing the statutory export-linked tax credit mechanism.
Tax credit certificates in relation to exports were governed by section 280ZC of the Income-tax Act, 1961; that provision established the statutory mechanism for issuing export-linked tax credit certificates but has been omitted and is no longer operative, with a recorded history of prior amendments before its removal.
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