"Backward Area" for the purpose of section 80HH of the Income-tax Act, 1961-Problems arising from the omission of the Eighth Schedule of the Income-tax Act with retrospective effect-Notification of backward areas-Certain clarifications-Regarding

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....-tax Act, 1961-Problems arising from the omission of the Eighth Schedule of the Income-tax Act with retrospective effect-Notification of backward areas-Certain clarifications-Regarding Circular No. 484 Dated 1/5/1987 By an amendment brought about by the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, Explanation below sub-section (10) of section 80HH of the Income-tax Ac....

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..... 1) dated 19-12-1986* effective 1-4-1983 was issued notifying the list of backward areas. In this notification, certain blocks/taluks, where investment had exceeded Rs. 30 crores as on 31-3-1983 were excluded. 2. In the interest of administrative convenience, it has been decided that the benefit of section 80HH in respect of any area will not be withdrawn retrospectively. The Taxation Laws (Am....