Rescission of notification: prior tax notification treated as never issued, removing associated tax benefits retroactively. Central Government rescinds the 2008 tax notification with effect from 1 April 2011 and declares that, from that date, the earlier notification shall be deemed not to have been issued for any tax benefit under the Income-tax Act or any other law, thereby removing the legal basis for benefits previously attributable to that notification.
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Rescission of notification: prior tax notification treated as never issued, removing associated tax benefits retroactively.
Central Government rescinds the 2008 tax notification with effect from 1 April 2011 and declares that, from that date, the earlier notification shall be deemed not to have been issued for any tax benefit under the Income-tax Act or any other law, thereby removing the legal basis for benefits previously attributable to that notification.
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