02 November 2010
Let be very Simple Game of Cricket is an ACT how to play cricket is Rule (how many players will play, how to ball, how to bat, what is called out) So detailed frame work is called ACT How to work under the act is called Rule its just for an understanding,, not legal defination
02 November 2010
"Act" is process of doing or performing something....whereas "Rule" is governing power or authority.
Income Tax Act is an enactment passed by the Parliament whereas Rules are merely laid before the table of the house. The rules prescribes procedures and cannot go beyond the provisions of Act. Any provision inconsistent with the Act or imposing stricter regime than one prescribed in Act is ultra vires.
CAclubindia
