Amendment to section 88B raises the statutory monetary threshold for the specified tax provision, increasing the allowable limit. The amendment substitutes the words 'fifteen thousand rupees' with 'twenty thousand rupees' in section 88B of the Income-tax Act, with effect from the 1st day of April, 2004, thereby raising the statutory monetary threshold specified in that provision.
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Provisions expressly mentioned in the judgment/order text.
Amendment to section 88B raises the statutory monetary threshold for the specified tax provision, increasing the allowable limit.
The amendment substitutes the words "fifteen thousand rupees" with "twenty thousand rupees" in section 88B of the Income-tax Act, with effect from the 1st day of April, 2004, thereby raising the statutory monetary threshold specified in that provision.
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