Section 80P amendment increases the deduction limit and removes a subsection, changing eligibility and deduction structure for entities. Amendment raises the monetary ceiling for the benefit under Section 80P(2)(c) by substituting the previous amount with a higher sum, changing the deductible limit available to eligible entities; and omits sub-section (4) of Section 80P, removing the separate rule previously contained therein and altering the statutory structure of deductions under Section 80P from the same commencement date.
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Provisions expressly mentioned in the judgment/order text.
Section 80P amendment increases the deduction limit and removes a subsection, changing eligibility and deduction structure for entities.
Amendment raises the monetary ceiling for the benefit under Section 80P(2)(c) by substituting the previous amount with a higher sum, changing the deductible limit available to eligible entities; and omits sub-section (4) of Section 80P, removing the separate rule previously contained therein and altering the statutory structure of deductions under Section 80P from the same commencement date.
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