Deduction eligibility under clause (viii) of section 36 now determines treatment instead of Central Government approval. Amendment replaces the phrase requiring Central Government approval in the Explanation to sub section (3) of section 35D with wording stating that the ... Summary
Deduction eligibility under clause (viii) of section 36 now determines treatment instead of Central Government approval.
Amendment replaces the phrase requiring Central Government approval in the Explanation to sub section (3) of section 35D with wording stating that the item must be eligible for deduction under clause (viii) of sub section (1) of section 36, shifting the criterion from approval to deduction eligibility.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.