Part XIV - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189)
Proviso excluding wound up funds: amendment clarifies clause non-application to funds wound up in the previous year. The amendment inserts a proviso excluding wound up funds into clause (j) of sub-section (3) of section 9A of the Income-tax Act, stating that nothing in that clause shall apply to a fund which has been wound up in the previous year, and deems this proviso effective from the first day of April, 2016.
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.
Proviso excluding wound up funds: amendment clarifies clause non-application to funds wound up in the previous year.
The amendment inserts a proviso excluding wound up funds into clause (j) of sub-section (3) of section 9A of the Income-tax Act, stating that nothing in that clause shall apply to a fund which has been wound up in the previous year, and deems this proviso effective from the first day of April, 2016.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.