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of <h1>Omission of Section 35C removes agricultural development allowance for companies supplying inputs and services to cultivators</h1> Section 35C, previously providing an agricultural development allowance, has been omitted. Formerly it allowed a company or cooperative society engaged in manufacturing/processing using agricultural products to deduct specified expenditures incurred (directly or via approved bodies) in supplying prescribed goods, services or facilities-such as fertilizers, seeds, technical demonstrations or advice-to cultivators, growers or producers in India, subject to reducing any amounts received as consideration. It also prevented claiming the same expenditure deduction under any other provision for the same or any other assessment year.
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