Amendment of section 161 removes explanatory clause to subsection (1A), altering statutory text available for income-tax interpretation. The Finance (No. 2) Act, 1991 amends the Income-tax Act by omitting the Explanation to sub-section (1A) of section 161, removing that explanatory clause and thereby altering the statutory text subject to interpretation and administrative application.
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.
Amendment of section 161 removes explanatory clause to subsection (1A), altering statutory text available for income-tax interpretation.
The Finance (No. 2) Act, 1991 amends the Income-tax Act by omitting the Explanation to sub-section (1A) of section 161, removing that explanatory clause and thereby altering the statutory text subject to interpretation and administrative application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.