Gift-tax amendment removes specified subsections of section twenty-three, directly altering the statutory text and its application. The Taxation Laws (Amendment) Act, 1972 amends section 23 of the Gift-tax Act, 1958 by providing for the omission of subsections (6), (7) and (8), ... Summary
Gift-tax amendment removes specified subsections of section twenty-three, directly altering the statutory text and its application.
The Taxation Laws (Amendment) Act, 1972 amends section 23 of the Gift-tax Act, 1958 by providing for the omission of subsections (6), (7) and (8), effecting a direct repeal of those subsections and altering the statutory text of section 23.
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