Conversion of rebate to deduction applies where specified relief was allowed, modifying earlier statutory illustration accordingly. Instruction 691/CBDT applies Instruction No.623 to treat relief as a deduction from total income from the assessment year when the rebate system was substituted by deduction, and extends that application to earlier assessment years in which the education-related relief was allowed, thereby modifying the illustrative example in the Finance Act circular.
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.
Conversion of rebate to deduction applies where specified relief was allowed, modifying earlier statutory illustration accordingly.
Instruction 691/CBDT applies Instruction No.623 to treat relief as a deduction from total income from the assessment year when the rebate system was substituted by deduction, and extends that application to earlier assessment years in which the education-related relief was allowed, thereby modifying the illustrative example in the Finance Act circular.
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