Deduction exclusion: if chapter C deduction is claimed for specified business profits, section 35AD relief is disallowed thereafter. The amendment to section 80A establishes that where a deduction under Chapter C ('Deductions in respect of certain incomes') is claimed and allowed for profits of a specified business referred to in clause (c) of sub section (8) of section 35AD for any assessment year, no deduction shall be allowed under section 35AD in relation to that specified business for the same or any other assessment year; effective from 1 April 2011.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction exclusion: if chapter C deduction is claimed for specified business profits, section 35AD relief is disallowed thereafter.
The amendment to section 80A establishes that where a deduction under Chapter C ("Deductions in respect of certain incomes") is claimed and allowed for profits of a specified business referred to in clause (c) of sub section (8) of section 35AD for any assessment year, no deduction shall be allowed under section 35AD in relation to that specified business for the same or any other assessment year; effective from 1 April 2011.
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