Rescission of tax notification nullifies the earlier instrument and treats it as never issued, denying related tax benefits. The Central Government, invoking powers under section 35 read with rules 5C and 5E, issued Notification No. 82/2016 rescinding Notification No. 4/2010 and withdrawing its legal effect for tax benefits under the Income tax Act and other laws; the rescission is declared retrospective to 1 April 2007 and deems the earlier notification never to have been issued for any tax benefits.
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Provisions expressly mentioned in the judgment/order text.
Rescission of tax notification nullifies the earlier instrument and treats it as never issued, denying related tax benefits.
The Central Government, invoking powers under section 35 read with rules 5C and 5E, issued Notification No. 82/2016 rescinding Notification No. 4/2010 and withdrawing its legal effect for tax benefits under the Income tax Act and other laws; the rescission is declared retrospective to 1 April 2007 and deems the earlier notification never to have been issued for any tax benefits.
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