Monday 27 July 2015

New entry introduced in Finance Bill to increase tax vide notice of amendments doesn't have immediat

Excise & Customs : An entry which was not there at all in original Finance Bill and was subsequently brought in vide amendment thereto, cannot be said to have been protected by declaration made under section 3 of Provisional Collection of Taxes Act, 1931; hence, said new entry would come into effect from date of enactment of bill

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