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Tax credit certificate provision for manufacturing companies was repealed, removing that tax incentive under Income Tax law. The statute provided for issuance of tax credit certificates to certain manufacturing companies as a fiscal incentive; the provision was amended several times in the 1960s and 1980s and was ultimately omitted by later finance legislation, thereby removing the tax credit certificate mechanism from the Income-tax Act.
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Tax credit certificate provision for manufacturing companies was repealed, removing that tax incentive under Income Tax law.
The statute provided for issuance of tax credit certificates to certain manufacturing companies as a fiscal incentive; the provision was amended several times in the 1960s and 1980s and was ultimately omitted by later finance legislation, thereby removing the tax credit certificate mechanism from the Income-tax Act.
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