Omission of statutory provisions under gift-tax law alters applicable provisions and takes effect from the specified commencement date. Sections specified in the Gift-tax Act are omitted by the Direct Tax Laws (Amendment) Act, 1987, effecting statutory removal of those provisions and ... Summary
Omission of statutory provisions under gift-tax law alters applicable provisions and takes effect from the specified commencement date.
Sections specified in the Gift-tax Act are omitted by the Direct Tax Laws (Amendment) Act, 1987, effecting statutory removal of those provisions and altering the Act's regulatory framework; the omission operates with effect from the 1st day of April, 1988, fixing the commencement date for the repeal and subsequent non applicability of the omitted provisions.
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