Expansion of Chapter XII-BA: inclusion of section 35AD claimants and prescribed credit mechanics under section 115JD. Amendment expands Chapter XII-BA to include persons claiming deduction under section 35AD alongside existing claims under Part C of Chapter VI-A and section 10AA, bringing such taxpayers within the Chapter's regime. It further provides that, notwithstanding applicability or exclusions, credit for tax paid under section 115JC shall be allowed as per section 115JD; the amendment takes effect from the specified commencement and applies to the relevant assessment year and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Expansion of Chapter XII-BA: inclusion of section 35AD claimants and prescribed credit mechanics under section 115JD.
Amendment expands Chapter XII-BA to include persons claiming deduction under section 35AD alongside existing claims under Part C of Chapter VI-A and section 10AA, bringing such taxpayers within the Chapter's regime. It further provides that, notwithstanding applicability or exclusions, credit for tax paid under section 115JC shall be allowed as per section 115JD; the amendment takes effect from the specified commencement and applies to the relevant assessment year and subsequent years.
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