Denial of deductions: amendment extends non allowance to income under clause (b), applying retrospectively to affected assessments. Sub section (2) is amended to insert reference to clause (b), extending the prohibition on allowance of any expenditure, allowance or set off of loss when computing income referred to specified income provisions; the amendment is retrospective to the first day of April of the fiscal year and applies to the relevant assessment year and subsequent 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.
Denial of deductions: amendment extends non allowance to income under clause (b), applying retrospectively to affected assessments.
Sub section (2) is amended to insert reference to clause (b), extending the prohibition on allowance of any expenditure, allowance or set off of loss when computing income referred to specified income provisions; the amendment is retrospective to the first day of April of the fiscal year and applies to the relevant assessment year and subsequent years.
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