Deduction for litigation expenses in tax proceedings removed after legislative omission of the specific statutory allowance. Section 80VV provided a deduction for expenditure incurred in the previous year in respect of proceedings before any income-tax authority, the Appellate ... Summary
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Deduction for litigation expenses in tax proceedings removed after legislative omission of the specific statutory allowance.
Section 80VV provided a deduction for expenditure incurred in the previous year in respect of proceedings before any income-tax authority, the Appellate Tribunal or any court relating to determination of liability under the Act by way of tax, penalty or interest; that deduction was subject to an aggregate monetary ceiling and the provision was later omitted by subsequent finance legislation.
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