Section 294Central Act

Section 294: Act to have effect pending legislative provision for charge of tax

The Income-tax Act, 1961

Act to have effect pending legislative provision for charge of tax.

- If on the 1st day of April in any assessment year provision has not yet been made by a Central Act for the charging of income-tax [* * *] [ Omitted by Act 10 of 1965, Section 63 (w.r.e.f. 1.4.1965).] for that assessment year, this Act shall nevertheless have effect until such provision is so made as if the provision in force in the preceding assessment year or the provision proposed in the Bill then before Parliament, whichever is more favourable to the assessee, were actually in force.

Sec 293C — [ Power to withdraw approval. [ Inserted by Act 33 of 2009, Section 79 (w.e.f. 1.10.2009).]

Sec 294A — [ Power to make exemption, etc., in relation to certain Union territories. [ Inserted by the Taxtation Law (Extension to Union Territories) Regulation, 1963 (w.e.f. 1.4.1963).]

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