Tax exemption notification recognises Punjab Defence and Security Relief Fund under income tax law, effective for prior assessment years. The Central Government notified the Punjab Defence and Security Relief Fund under Section 10(23C)(iv) of the Income-tax Act by S.O.2350 dated 18-5-1976, declaring the Fund eligible for the tax treatment provided by that clause and applying the notification retrospectively from the assessment year 1966-67.
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Tax exemption notification recognises Punjab Defence and Security Relief Fund under income tax law, effective for prior assessment years.
The Central Government notified the Punjab Defence and Security Relief Fund under Section 10(23C)(iv) of the Income-tax Act by S.O.2350 dated 18-5-1976, declaring the Fund eligible for the tax treatment provided by that clause and applying the notification retrospectively from the assessment year 1966-67.
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