Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deduction for compensation in business income was established, capped, and later omitted by legislative amendment. Section 80S provided a deduction for compensation or other payments treated as business income in respect of termination of managing agency and similar payments for assessees other than companies, allowing a deduction equal to a specified percentage of such compensation subject to a statutory monetary ceiling. The provision was later omitted by subsequent Finance Act amendments and is no longer in force.
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 for compensation in business income was established, capped, and later omitted by legislative amendment.
Section 80S provided a deduction for compensation or other payments treated as business income in respect of termination of managing agency and similar payments for assessees other than companies, allowing a deduction equal to a specified percentage of such compensation subject to a statutory monetary ceiling. The provision was later omitted by subsequent Finance Act amendments and is no longer in force.
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