Reduction in statutory percentage under Section 132B narrows the rate applied in income-tax computation provisions. The amendment substitutes the percentage figure in sub-section (4), clause (a) of Section 132B of the Income-tax Act, replacing the prior expressed rate with a lower expressed rate; the change is a textual substitution confined to that clause and does not modify other aspects of the provision.
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Provisions expressly mentioned in the judgment/order text.
Reduction in statutory percentage under Section 132B narrows the rate applied in income-tax computation provisions.
The amendment substitutes the percentage figure in sub-section (4), clause (a) of Section 132B of the Income-tax Act, replacing the prior expressed rate with a lower expressed rate; the change is a textual substitution confined to that clause and does not modify other aspects of the provision.
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