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of <h1>Finance Act 1984 Amends Section 35: No Tax Deductions for Land Acquisitions After February 29, 1984.</h1> Section 35 of the Income-tax Act has been amended by the Finance Act, 1984. A proviso has been added to sub-section (2), clause (ia), disallowing deductions for expenditures on land acquisition after February 29, 1984. Explanation 2 clarifies that 'land' includes any interest in land and defines the acquisition date as the registration date under the Registration Act, 1908, or the date of possession under a contract per section 53A of the Transfer of Property Act, 1882. Sub-sections (2A) and (2B) have been modified to specify that payments or expenditures must have occurred before March 1, 1984.
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