Exemption u/s 80C - deduction allowed from taxable income or combined income - clarification

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....attributable to the assessee's income chargeable to tax he will be entitled to the benefits of the provisions of Section 87 or, as the case may be, Section 80A of the Income-tax Act". 2. On a reference received, the matter was again examined by the Board in consultation with the Ministry of Law. The Board are advised that the position explained in paragraph 34 of the Instructions on Finance Act, ....