Tax exemption amendment clarified as effective from the earlier finance act; prior instruction corrected to reflect correct enactment. Correction to an earlier Board Instruction clarifies that the amendment to the income exemption provision under section 10(25) was enacted by the earlier finance statute and took effect as stated; Instruction No.579 dated 1.8.73 is to be treated as amended to reflect this correction.
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Tax exemption amendment clarified as effective from the earlier finance act; prior instruction corrected to reflect correct enactment.
Correction to an earlier Board Instruction clarifies that the amendment to the income exemption provision under section 10(25) was enacted by the earlier finance statute and took effect as stated; Instruction No.579 dated 1.8.73 is to be treated as amended to reflect this correction.
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