Continuation of income-tax rates: Finance Act preserves existing tax rates for the 1996-97 financial year, effective 1 April. The Finance Act, 1996 continues the existing income-tax rates for the relevant financial year by parliamentary enactment and specifies an effective commencement date of 1 April 1996.
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.
Continuation of income-tax rates: Finance Act preserves existing tax rates for the 1996-97 financial year, effective 1 April.
The Finance Act, 1996 continues the existing income-tax rates for the relevant financial year by parliamentary enactment and specifies an effective commencement date of 1 April 1996.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.