Income Tax - Jurisdiction of BIFR Scaling down of interest In the case of Section 32 SICA the specific exclusion of two enactments and the express reference to Section 72A of the Income Tax Act to say that its provisions apply by Section 32 2 manifest Parliamentary intention that provisions of SICA have to prevail over those of the Income Tax Act HC

Income Tax - Jurisdiction of BIFR Scaling down of interest In the case of Section 32 SICA the specific exclusion of two enactments and the express reference to Section 72A of the Income Tax Act to say that its provisions apply by Section 32 2 manifest Parliamentary intention that provisions of SICA have to prevail over those of the Income Tax Act HC