Omission of section 88 removes the separate rebate for life insurance and provident fund contributions, aligning with the consolidated deduction regime. Omission of section 88 removes the separate rebate for life insurance premia and provident fund contributions because the provision became redundant after sunset and the introduction of a consolidated deduction regime; the amendment takes effect from the commencement of the specified financial year, directing reliance on the consolidated deduction framework rather than the omitted rebate.
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.
Omission of section 88 removes the separate rebate for life insurance and provident fund contributions, aligning with the consolidated deduction regime.
Omission of section 88 removes the separate rebate for life insurance premia and provident fund contributions because the provision became redundant after sunset and the introduction of a consolidated deduction regime; the amendment takes effect from the commencement of the specified financial year, directing reliance on the consolidated deduction framework rather than the omitted rebate.
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