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        F. Acts / Amendment Acts

        Section 17 - Amendment of section 35AC.

        Finance Act, 2016
        Chapter III
        DIRECT TAXES

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        Deduction under section 35AC suspended for future assessment years, removing taxpayer eligibility to claim this deduction. The amendment inserts a provision that no deduction under section 35AC shall be allowed in respect of any assessment year commencing on or after the 1st day of April, 2018, with the insertion given effect from the 1st day of April, 2017, thereby removing availability of the deduction for taxpayers for those assessment years.
                          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 under section 35AC suspended for future assessment years, removing taxpayer eligibility to claim this deduction.

                                The amendment inserts a provision that no deduction under section 35AC shall be allowed in respect of any assessment year commencing on or after the 1st day of April, 2018, with the insertion given effect from the 1st day of April, 2017, thereby removing availability of the deduction for taxpayers for those assessment years.


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