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        Bills

        Clause 73 - Limit on deductions under sections 70, 71 and 72.

        Direct Taxes Code, 2010
        Chapter IV
        TAX INCENTIVES

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        Aggregate deduction cap restricts total deductions under sections 70, 71 and 72 to a statutory ceiling. The provision prescribes an aggregate limit on deductions: the combined amount allowable under sections 70, 71 and 72 of the Direct Taxes Code, 2010 is capped by a single statutory ceiling, restricting the cumulative deductions claimable under those sections.
                          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.

                                Aggregate deduction cap restricts total deductions under sections 70, 71 and 72 to a statutory ceiling.

                                The provision prescribes an aggregate limit on deductions: the combined amount allowable under sections 70, 71 and 72 of the Direct Taxes Code, 2010 is capped by a single statutory ceiling, restricting the cumulative deductions claimable under those sections.


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