Fringe benefit tax provisions excluded for later assessment years under a time-linked non-application rule.

Rule 40F excludes the application of Chapter VIIC provisions in relation to fringe benefit tax assessments for the assessment year commencing on 1 April 2010 and for any subsequent assessment year. It is a time-linked exclusion, confining the relevant part of the Income-tax Rules, 1962 from applying to assessments from that year onward.

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