Non-application of Chapter VII to commodities transactions removes Chapter VII obligations for transactions entered after the commencement date. The Bill inserts section 121A into the Finance Act, 2008, providing that nothing in Chapter VII shall apply to, or in relation to, taxable commodities transactions entered on or after the 1st day of April, 2009, thereby removing Chapter VII compliance obligations for such transactions and giving the exclusion retrospective effect.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-application of Chapter VII to commodities transactions removes Chapter VII obligations for transactions entered after the commencement date.
The Bill inserts section 121A into the Finance Act, 2008, providing that nothing in Chapter VII shall apply to, or in relation to, taxable commodities transactions entered on or after the 1st day of April, 2009, thereby removing Chapter VII compliance obligations for such transactions and giving the exclusion retrospective effect.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
