Deeming provision in section 140A preserves pre-amendment treatment for earlier assessment years and construes references by year. A deeming transitional provision preserves the prior form of section 140A for specified earlier assessment years by providing that the section as it stood ... Summary
Deeming provision in section 140A preserves pre-amendment treatment for earlier assessment years and construes references by year.
A deeming transitional provision preserves the prior form of section 140A for specified earlier assessment years by providing that the section as it stood before the 1987 amendment applies to those assessment years, and that references to other provisions are to be construed as those provisions stood and were applicable for the relevant assessment year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 1 
Join Channel 
