Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Removal of Section 86A reduced tax relief for interest on specified tax-free government securities from 1989 onward</h1> Section 86A has been omitted. Historically it provided that where an assessee included interest on specified income-tax-free Central or State Government securities in total income, the assessee was entitled to a deduction from income tax equal to the tax computed on that interest amount at either the assessee's average rate of income tax or at twenty-seven and a half percent, whichever was lower. The provision was inserted in 1965, amended in 1966, and subsequently omitted effective 1 April 1989.
TaxTMI 
TaxTMI 
