Removal of explanatory clause in income-tax provision narrows application of the affected exemption under section 54B effective thereafter. The law omits the Explanation to sub-section (2) of section 54B of the Income-tax Act, removing that explanatory provision from the statute and making the omission operative from the stated commencement date so the Explanation no longer informs interpretation or application of sub-section (2).
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Provisions expressly mentioned in the judgment/order text.
Removal of explanatory clause in income-tax provision narrows application of the affected exemption under section 54B effective thereafter.
The law omits the Explanation to sub-section (2) of section 54B of the Income-tax Act, removing that explanatory provision from the statute and making the omission operative from the stated commencement date so the Explanation no longer informs interpretation or application of sub-section (2).
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