Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Tax credit certificate repeal removes the statutory authority and restricts later production of previously issued certificates. The Finance Act, 1990 repealed Chapter XXII-B of the Income-tax Act, 1961, removing the statutory mechanism for tax credit certificates and thereby eliminating the legal basis for granting and using such certificates; transitional limitations barred the production of previously granted certificates for assessment purposes after the cut off date set by the amending legislation.
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.
Tax credit certificate repeal removes the statutory authority and restricts later production of previously issued certificates.
The Finance Act, 1990 repealed Chapter XXII-B of the Income-tax Act, 1961, removing the statutory mechanism for tax credit certificates and thereby eliminating the legal basis for granting and using such certificates; transitional limitations barred the production of previously granted certificates for assessment purposes after the cut off date set by the amending legislation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.