Supersession of the Notification No. S. O. 466(E), dated June 18, 1985 - Central Government fixes, with effect from the 1st day of April, 1986 twelve per cent. as the rate referred to in the said clause (b) - S.O.120(E) - Income Tax Act, 1961
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Rate fixation under Fourth Schedule clause (b): a new income-tax rate prescribed and made effective by central government. The Central Government prescribes twelve per cent. as the rate referred to in clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, effective from 1 April 1986, and supersedes the earlier notification No. S. O. 466(E) dated 18 June 1985.
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Provisions expressly mentioned in the judgment/order text.
Rate fixation under Fourth Schedule clause (b): a new income-tax rate prescribed and made effective by central government.
The Central Government prescribes twelve per cent. as the rate referred to in clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, effective from 1 April 1986, and supersedes the earlier notification No. S. O. 466(E) dated 18 June 1985.
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