Clarification regarding admissibility of Sec 80MM benefits.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....  Dated: January 20, 1982 Your attention is invited to para 2(iii) of boards instruction No.580 dated 1-8-78 wherein it was directed that computation of deduction u/s.80 MM should be worked ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fective from 1-4-81 and not retrospectively. Therefore the judgment of the supreme court that the deduction should be worked out w.r.t. gross income applies to assessments upto and inclusive of assess....