Disallowance of deductions restricts expense and allowance claims when computing specified taxable income under tax law. Insertion of a clause in section 44D precludes deduction of any expenditure or allowance in computing the income referred to in clause (ab) of sub section (1) of section 115A, effective from 1 April 1989.
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Provisions expressly mentioned in the judgment/order text.
Disallowance of deductions restricts expense and allowance claims when computing specified taxable income under tax law.
Insertion of a clause in section 44D precludes deduction of any expenditure or allowance in computing the income referred to in clause (ab) of sub section (1) of section 115A, effective from 1 April 1989.
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