Deduction limit under section 80CC increased, expanding the allowable contribution ceiling for taxpayers under amended provisions. Amendment increases the allowable deduction under section 80CC by substituting the prior monetary ceiling with a higher ceiling in sub section (2), raising the statutory cap on the eligible deduction under the Income tax Act.
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Provisions expressly mentioned in the judgment/order text.
Deduction limit under section 80CC increased, expanding the allowable contribution ceiling for taxpayers under amended provisions.
Amendment increases the allowable deduction under section 80CC by substituting the prior monetary ceiling with a higher ceiling in sub section (2), raising the statutory cap on the eligible deduction under the Income tax Act.
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