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Amendment of section 35AD.
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....uction has been claimed or opted by the assessee and allowed to him under this section" shall be inserted. - Clause 18 of the Bill seeks to amend section 35AD of the Income-tax Act relating to deduction in respect of expenditure on specified business. Sub-section (1) of the said section, inter alia, provides for one hundred per cent. deduction on capital expenditure incurred on any specified b....