Omission of Chapter X-A relating to General Anti-Avoidance Rule
23. Chapter X-A of the Income-tax Act (as inserted by section 41 of the Finance Act, 2012) (23 of 2012) relating to General Anti-Avoidance Rule shall be omitted with effect from the 1st day of April, 2014.
Notes on Clauses:
Clause 23 of the Bill seeks to omit Chapter X-A of the Incometax Act (as inserted by section 41 of the Finance Act, 2012) relating to General Anti-Avoidance Rule.
This amendment will take effect from 1st April, 2014.
