Omission of section 86A removes that provision from the Income-tax Act, effecting repeal from the specified fiscal commencement. Section 86A of the Income-tax Act is repealed by the Finance Act, 1988 and is omitted from the statute with effect from the 1st day of April, 1989, ... Summary
Omission of section 86A removes that provision from the Income-tax Act, effecting repeal from the specified fiscal commencement.
Section 86A of the Income-tax Act is repealed by the Finance Act, 1988 and is omitted from the statute with effect from the 1st day of April, 1989, thereby removing that provision from the statutory framework for direct taxes as of the stated commencement date.
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