Section 80-IAC amendment updates the reference year for eligibility, altering startup deduction timeframe under the Income-tax Act. Amendment to section 80-IAC replaces the reference year in the Explanation's clause (ii)(a), changing the temporal benchmark used to determine eligibility under the startup deduction provision by substituting the previously specified year with a later year.
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Provisions expressly mentioned in the judgment/order text.
Section 80-IAC amendment updates the reference year for eligibility, altering startup deduction timeframe under the Income-tax Act.
Amendment to section 80-IAC replaces the reference year in the Explanation's clause (ii)(a), changing the temporal benchmark used to determine eligibility under the startup deduction provision by substituting the previously specified year with a later year.
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