Continuation of income-tax rates preserves existing tax structure and modifies customs and excise duties for the fiscal year. The Finance Act, 1977 continues existing income-tax rates for the fiscal year, subject to specified modifications, and is deemed to have come into force on the first day of April unless otherwise provided. It continues provisions relating to auxiliary duties of customs and excise and provides for the discontinuance of the duty on salt for that year, while the short title and commencement clause fix the Act's temporal operation.
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Provisions expressly mentioned in the judgment/order text.
Continuation of income-tax rates preserves existing tax structure and modifies customs and excise duties for the fiscal year.
The Finance Act, 1977 continues existing income-tax rates for the fiscal year, subject to specified modifications, and is deemed to have come into force on the first day of April unless otherwise provided. It continues provisions relating to auxiliary duties of customs and excise and provides for the discontinuance of the duty on salt for that year, while the short title and commencement clause fix the Act's temporal operation.
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