Amendment of Section 255: proviso's reference year updated to extend the statutory applicability by one year. The Finance Bill, 2024 substitutes the figures '2024' with '2025' in the proviso to section 255(8) of the Income-tax Act, effecting a one year forward shift in the proviso's reference year without altering other substantive terms of section 255(8).
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Provisions expressly mentioned in the judgment/order text.
Amendment of Section 255: proviso's reference year updated to extend the statutory applicability by one year.
The Finance Bill, 2024 substitutes the figures "2024" with "2025" in the proviso to section 255(8) of the Income-tax Act, effecting a one year forward shift in the proviso's reference year without altering other substantive terms of section 255(8).
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