Amendment to Income Tax provision removes specified clauses from Section 86 under Finance Act, altering statutory text. The Finance Act, 1965 amends the Income-tax Act by providing that Section 86 will no longer contain clauses (i) and (ii); those subclauses are expressly ... Summary
Amendment to Income Tax provision removes specified clauses from Section 86 under Finance Act, altering statutory text.
The Finance Act, 1965 amends the Income-tax Act by providing that Section 86 will no longer contain clauses (i) and (ii); those subclauses are expressly omitted from the statutory text, effecting a direct removal of the specified provisions without replacement.
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