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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Landmark Income Tax Act Amendment Redefines Taxation Landscape with Comprehensive Definitional and Allowance Updates</h1> The amendment modifies section 2 of the Income-tax Act, 1961, introducing changes to various clauses. Key modifications include redefining tax-related definitions, inserting provisions for special allowances and benefits related to employment, and removing specific references to certain sections and subsections. The amendments aim to clarify and update taxation provisions, with some changes retroactively applied from specific dates.
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