Deduction disallowance rule clarified: payments to research institutions are not allowable as deductions under the amended tax provision.

The amendment substitutes prior entitlement wording with an express rule that the deduction in respect of any sum paid to the research association, university, college or other institution referred to in clause (ii) or clause (iii), or the company referred to in clause (iia) of sub section (1), shall not be allowed, and declares the substitution to be deemed effective from the start of the relevant assessment year.

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