Repeal of Finance Act declares that the enactment is deemed never to have occurred; provisional tax clause takes immediate effect. Clause 116 repeals the Finance Act, 2009 and deems it never to have been enacted, while the Bill declares that clause 111 shall have immediate effect ... Summary
Repeal of Finance Act declares that the enactment is deemed never to have occurred; provisional tax clause takes immediate effect.
Clause 116 repeals the Finance Act, 2009 and deems it never to have been enacted, while the Bill declares that clause 111 shall have immediate effect under the Provisional Collection of Taxes Act, enabling provisional tax collection measures to operate pending finalization.
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