Deduction under section 80HHBA phased down across assessment years and withdrawn from the assessment year beginning 1 April 2005. The amendment phases down the income-tax deduction under section 80HHBA: forty per cent for the assessment year beginning 1 April 2001, thirty per cent for the assessment year beginning 1 April 2002, twenty per cent for the assessment year beginning 1 April 2003, ten per cent for the assessment year beginning 1 April 2004, and removes the deduction for the assessment year beginning 1 April 2005 and subsequent years; subsection (2) references are reworded to refer to the percentage specified in subsection (1) for the relevant assessment year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 80HHBA phased down across assessment years and withdrawn from the assessment year beginning 1 April 2005.
The amendment phases down the income-tax deduction under section 80HHBA: forty per cent for the assessment year beginning 1 April 2001, thirty per cent for the assessment year beginning 1 April 2002, twenty per cent for the assessment year beginning 1 April 2003, ten per cent for the assessment year beginning 1 April 2004, and removes the deduction for the assessment year beginning 1 April 2005 and subsequent years; subsection (2) references are reworded to refer to the percentage specified in subsection (1) for the relevant assessment year.
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