Extension of prescribed year in Rule 18C changes the temporal applicability of that tax rule upon Gazette publication. Amendment to the Income tax Rules, 1962 substitutes a later prescribed year for the earlier year in Rule 18C(1), extending the period specified in that sub rule; the change is made under the statutory authority of section 295 read with the relevant clause of the income tax provision and takes effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Extension of prescribed year in Rule 18C changes the temporal applicability of that tax rule upon Gazette publication.
Amendment to the Income tax Rules, 1962 substitutes a later prescribed year for the earlier year in Rule 18C(1), extending the period specified in that sub rule; the change is made under the statutory authority of section 295 read with the relevant clause of the income tax provision and takes effect on publication in the Official Gazette.
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