Deduction eligibility under clause (viii) of section 36 now determines treatment instead of Central Government approval. Amendment replaces the phrase requiring Central Government approval in the Explanation to sub section (3) of section 35D with wording stating that the item must be eligible for deduction under clause (viii) of sub section (1) of section 36, shifting the criterion from approval to deduction eligibility.
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Provisions expressly mentioned in the judgment/order text.
Deduction eligibility under clause (viii) of section 36 now determines treatment instead of Central Government approval.
Amendment replaces the phrase requiring Central Government approval in the Explanation to sub section (3) of section 35D with wording stating that the item must be eligible for deduction under clause (viii) of sub section (1) of section 36, shifting the criterion from approval to deduction eligibility.
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