Amendment of section 35B clarifies that routine trading and manufacturing expenses are excluded from capital expenditure deductions. Amendment of section 35B omits certain sub clauses of clause (b) and substitutes Explanation 2 to declare that clause (b) does not include expenditures in the nature of purchasing and manufacturing expenses ordinarily debitable to the trading or manufacturing account rather than to the profit and loss account, effective from 1 April 1981.
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Provisions expressly mentioned in the judgment/order text.
Amendment of section 35B clarifies that routine trading and manufacturing expenses are excluded from capital expenditure deductions.
Amendment of section 35B omits certain sub clauses of clause (b) and substitutes Explanation 2 to declare that clause (b) does not include expenditures in the nature of purchasing and manufacturing expenses ordinarily debitable to the trading or manufacturing account rather than to the profit and loss account, effective from 1 April 1981.
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