Amendment to deduction provision raises the deduction ceiling and omits specified clause-based exemptions, altering eligibility for deductions. The amendment removes specified clause-based exemptions from the deduction provision and substitutes the prior monetary threshold with a higher threshold in two sub-clauses, thereby increasing the allowable deduction ceiling and changing eligibility under the provision effective from the amendment's stated commencement date.
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.
Amendment to deduction provision raises the deduction ceiling and omits specified clause-based exemptions, altering eligibility for deductions.
The amendment removes specified clause-based exemptions from the deduction provision and substitutes the prior monetary threshold with a higher threshold in two sub-clauses, thereby increasing the allowable deduction ceiling and changing eligibility under the provision effective from the amendment's stated commencement date.
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