Act to have effect pending legislative provision for charge of tax applies more favourable prior or pending provision to assessee. Where no Central Act yet provides for charging income-tax for a tax year by the commencement date, the present Act continues to have effect until such provision is made, applying either the provision in force in the preceding tax year or the provision proposed in the Bill before Parliament, whichever 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.
Act to have effect pending legislative provision for charge of tax applies more favourable prior or pending provision to assessee.
Where no Central Act yet provides for charging income-tax for a tax year by the commencement date, the present Act continues to have effect until such provision is made, applying either the provision in force in the preceding tax year or the provision proposed in the Bill before Parliament, whichever is more favourable to the assessee.
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