Deduction under section 80HHB reduced progressively and eliminated for subsequent assessment years, with related subsection amendments.

The amendment replaces the prior uniform fifty per cent. deduction with year-specific reduced percentages of profits and gains for successive assessment years and provides that no deduction shall be allowed from the terminal assessment year onward. It also amends sub-section (3) by substituting fixed-percentage references with language referring to such percentage of profits and gains as is specified in sub-section (1) in relation to the relevant assessment year, thereby aligning the cross-references with the phased reduction regime.

---

---

---