https://www.taxtmi.com/caselaws?id=25856 Amended section 80L(1)(c) of the Income-tax Act, 1961, as given retrospective effect from 1 April 1972 by the Taxation Laws (Amendment) Act, 1984, restricted deduction for interest on securities, dividends and similar income to a specified association of persons or body of individuals consisting of husband and wife under the community of property system in Dadra and Nagar Haveli and Goa, Daman and Diu. An assessee not falling within that narrow category was not entitled to the deduction, and the reference was answered against the assessee and in favour of the Revenue. en-us Thu, 14 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 13:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25856 Amended section 80L(1)(c) of the Income-tax Act, 1961, as given retrospective effect from 1 April 1972 by the Taxation Laws (Amendment) Act, 1984, restricted deduction for interest on securities, dividends and similar income to a specified association of persons or body of individuals consisting of husband and wife under the community of property system in Dadra and Nagar Haveli and Goa, Daman and Diu. An assessee not falling within that narrow category was not entitled to the deduction, and the reference was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25856