"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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..... sing 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 Act, 1961, was substituted .....

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..... fective 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of administrative convenience, it has been decided that the benefit of section 80HH in respect of any area will not be withdrawn retrospectively.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 (Amendment and Miscellaneous .....

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..... the benefit under this provision. 4. On account of a typographical error, the name of district "Jind" has been mentioned as "Hind" under Column No. 3 against entry No. 5 (pertaining to Haryana State) of the Schedule to the said notification. The area comprised in the Jind District of Haryana State will, therefore, be entitled to the benefit of this provision. 5. Hindi version will follow short .....

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