Act to have
effect pending legislative provision for charge of tax.
294. 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
35[***] 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.