Omission of deduction provision: removal of a tax deduction under the income tax framework changes allowable deductions. The Finance Act, 1983 omits Section 80MM of the Income-tax Act, resulting in the legislative repeal of the deduction provision and removing the statutory ... Summary
Omission of deduction provision: removal of a tax deduction under the income tax framework changes allowable deductions.
The Finance Act, 1983 omits Section 80MM of the Income-tax Act, resulting in the legislative repeal of the deduction provision and removing the statutory entitlement previously available under that section, effective from the stated commencement date.
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