Commencement of Finance Act: specified sections are deemed in force retroactively to implement fiscal proposals. The Finance Act, 1963 is enacted to implement the Central Government's financial proposals and is titled the Finance Act, 1963. Except as otherwise provided, specified operative sections are deemed to have come into force from the commencement of the fiscal year, thereby giving those sections retrospective effect for implementation of the stated fiscal measures.
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.
Commencement of Finance Act: specified sections are deemed in force retroactively to implement fiscal proposals.
The Finance Act, 1963 is enacted to implement the Central Government's financial proposals and is titled the Finance Act, 1963. Except as otherwise provided, specified operative sections are deemed to have come into force from the commencement of the fiscal year, thereby giving those sections retrospective effect for implementation of the stated fiscal measures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.