Amendment to Section 80T reduces prescribed percentage rates for sub-clauses, altering allowable deductions from the assessment year. Amendment of deduction rates under Section 80T reduces the prescribed percentage thresholds in clause (b) with prospective effect by substituting a lower percentage in sub-clause (i) and reducing the percentage in sub-clause (ii) and the proviso, thereby lowering the rates that determine the allowable deduction under the clause.
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.
Amendment to Section 80T reduces prescribed percentage rates for sub-clauses, altering allowable deductions from the assessment year.
Amendment of deduction rates under Section 80T reduces the prescribed percentage thresholds in clause (b) with prospective effect by substituting a lower percentage in sub-clause (i) and reducing the percentage in sub-clause (ii) and the proviso, thereby lowering the rates that determine the allowable deduction under the clause.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.