Section 24 - Special provision as to effect of section 17(1) (i) of Gift-tax Act, as it stood during certain period - Direct Taxes (Amendment) Act, 1974

24. Special provision as to effect of section 17(1) (i) of Gift-tax Act, as it stood during certain period. Clause (i) of sub-section (1) of section 17 of the Gift-tax Act, as it stood before the 1st day of April, 1963, shall have and be deemed always to have effect as if the words such tax occurring therein mean the gift-tax chargeable under the provisions of that Act as reduced by the amount, if any, for which credit is allowed under section 18 of that Act.