Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Repeal and savings: transitional rules preserve pending tax assessments and allow continued recovery and penalty proceedings. Repeal of the prior income-tax statute is effected while preserving a comprehensive scheme of transitional provisions: existing returns and proceedings ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Repeal and savings: transitional rules preserve pending tax assessments and allow continued recovery and penalty proceedings.
Repeal of the prior income-tax statute is effected while preserving a comprehensive scheme of transitional provisions: existing returns and proceedings may continue as if repeal had not occurred; certain notices and reassessment powers are governed by the new Act for escaped income; elections, declarations, agreements and notifications under the repealed Act persist where consistent with the new Act; and penalty, refund, interest and recovery mechanisms are allocated between the repealed law and the new Act to ensure orderly transition.
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