Section 40A(3) amendment requires assessing officers to apply amended rule 6DD when determining expenditure admissibility. The Board withdraws its prior instruction and notes that rule 6DD, as amended by the Income Tax (4th amendment) Rules, 1970, governs admissibility of expenditure under section 40A(3). Assessing officers are instructed to complete assessments for the year and determine expenditure admissibility in each case by applying the amended rule 6DD.
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Provisions expressly mentioned in the judgment/order text.
Section 40A(3) amendment requires assessing officers to apply amended rule 6DD when determining expenditure admissibility.
The Board withdraws its prior instruction and notes that rule 6DD, as amended by the Income Tax (4th amendment) Rules, 1970, governs admissibility of expenditure under section 40A(3). Assessing officers are instructed to complete assessments for the year and determine expenditure admissibility in each case by applying the amended rule 6DD.
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