Exclusion of Chapter VII: amendment makes Chapter VII inapplicable to taxable commodities transactions entered after commencement. Section 121A is inserted into the Finance Act, 2008 providing that nothing in Chapter VII shall apply to, or in relation to, the taxable commodities ... Summary
Exclusion of Chapter VII: amendment makes Chapter VII inapplicable to taxable commodities transactions entered after commencement.
Section 121A is inserted into the Finance Act, 2008 providing that nothing in Chapter VII shall apply to, or in relation to, the taxable commodities transaction entered on or after the 1st day of April, 2009, thereby excluding Chapter VII from application to such transactions from that commencement date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.