Repeal of Research and Development Cess Act removes the statutory cess and abolishes its continuing legal effect. Clause 140 of the Finance Bill, 2017 expressly repeals the Research and Development Cess Act, 1986, abolishing the statutory framework that imposed the R&D cess and terminating its continuing operation.
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Provisions expressly mentioned in the judgment/order text.
Repeal of Research and Development Cess Act removes the statutory cess and abolishes its continuing legal effect.
Clause 140 of the Finance Bill, 2017 expressly repeals the Research and Development Cess Act, 1986, abolishing the statutory framework that imposed the R&D cess and terminating its continuing operation.
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