Effect pending legislation: provisional application of the more favourable tax charging provision protects the assessee. Clause 530 provides that if on the first day of a tax year no Central Act has been made to charge income-tax for that year, the present Act shall operate until such a charging Act is enacted, applying whichever provision-either the preceding year's provision or the provision proposed in the Bill before Parliament-is more favourable to the assessee.
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.
Effect pending legislation: provisional application of the more favourable tax charging provision protects the assessee.
Clause 530 provides that if on the first day of a tax year no Central Act has been made to charge income-tax for that year, the present Act shall operate until such a charging Act is enacted, applying whichever provision-either the preceding year's provision or the provision proposed in the Bill before Parliament-is more favourable to the assessee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.