Prescribed deposit requirement under income-tax law raised, increasing the statutory threshold for section 208 compliance. Amendment increases the prescribed monetary requirement under section 208 of the Income-tax Act by substituting the prior specified amount with a higher specified amount, and the substitution takes effect from the specified commencement date in 1996.
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Provisions expressly mentioned in the judgment/order text.
Prescribed deposit requirement under income-tax law raised, increasing the statutory threshold for section 208 compliance.
Amendment increases the prescribed monetary requirement under section 208 of the Income-tax Act by substituting the prior specified amount with a higher specified amount, and the substitution takes effect from the specified commencement date in 1996.
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