Expenditure-tax rate increase under section 4 raises the statutory charge and takes effect from June first. The Finance Act, 1989 amends the Expenditure-tax Act, 1987 by substituting the previously stated ten per cent. rate with a higher rate in the Act's operative provision and makes that substituted rate effective from the first day of June, 1989.
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Provisions expressly mentioned in the judgment/order text.
Expenditure-tax rate increase under section 4 raises the statutory charge and takes effect from June first.
The Finance Act, 1989 amends the Expenditure-tax Act, 1987 by substituting the previously stated ten per cent. rate with a higher rate in the Act's operative provision and makes that substituted rate effective from the first day of June, 1989.
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