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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Twelfth Schedule of Income-tax Act removed from April 1, 1987, per Section 38 of Finance Act, 1986.</h1> The Twelfth Schedule of the Income-tax Act is omitted effective April 1, 1987, as per Section 38 of the Finance Act, 1986, under direct taxes and income-tax amendments.