Tax reimbursement scheme amendment removes eligibility extensions and preserves earlier extension orders for eligible industrial units. The Assam Industries (Tax Reimbursement for Eligible Units) (Amendment) Scheme, 2020 amends the principal reimbursement scheme from the date of its publication in the Official Gazette. Clause 4(1) is revised by removing the existing provisos from paragraphs (i) and (ii) and omitting sub-para (c) in paragraph (iii). A savings provision preserves earlier extension orders as valid and deems pending extension applications without orders to have been rejected.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax reimbursement scheme amendment removes eligibility extensions and preserves earlier extension orders for eligible industrial units.
The Assam Industries (Tax Reimbursement for Eligible Units) (Amendment) Scheme, 2020 amends the principal reimbursement scheme from the date of its publication in the Official Gazette. Clause 4(1) is revised by removing the existing provisos from paragraphs (i) and (ii) and omitting sub-para (c) in paragraph (iii). A savings provision preserves earlier extension orders as valid and deems pending extension applications without orders to have been rejected.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
