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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Monetary limit in Section 255 of the Income-tax Act increased from 100,000 to 500,000 effective October 1, 1998.</h1> Section 255 of the Income-tax Act has been amended by the Finance (No. 2) Act, 1998. In sub-section (3), the monetary limit for certain provisions has been increased from one hundred thousand rupees to five hundred thousand rupees. This change is effective from October 1, 1998.
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