Repeal of Finance Act nullifies that Act while select Bill clauses receive immediate provisional tax effect. Clause 112 repeals the Finance Act, 2014 and deems it never to have been enacted, while a separate declaration applies the provisional collection mechanism to give immediate effect to specified Bill clauses and schedule items so those tax-related provisions operate immediately under the provisional framework.
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Provisions expressly mentioned in the judgment/order text.
Repeal of Finance Act nullifies that Act while select Bill clauses receive immediate provisional tax effect.
Clause 112 repeals the Finance Act, 2014 and deems it never to have been enacted, while a separate declaration applies the provisional collection mechanism to give immediate effect to specified Bill clauses and schedule items so those tax-related provisions operate immediately under the provisional framework.
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