Concessional tax rate revised under law, altering proviso and effective from the notified fiscal date. The Finance Act, 2008 amends the provision governing concessional taxation of specified incomes by substituting a higher rate in the proviso; the substituted rate applies from the commencement of the specified fiscal year, without altering other structural conditions of the charging provision.
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Provisions expressly mentioned in the judgment/order text.
Concessional tax rate revised under law, altering proviso and effective from the notified fiscal date.
The Finance Act, 2008 amends the provision governing concessional taxation of specified incomes by substituting a higher rate in the proviso; the substituted rate applies from the commencement of the specified fiscal year, without altering other structural conditions of the charging provision.
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