80CC deduction to shareholders of Ambalal Sarabhai Enterprises.

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..... 3-1982. 2. Section 80-CC provides for a deduction from the total income of the individuals, HUFs and Association of Persons or Bodies of individuals consisting only of husband and wife governed by the system of community of property in force in the Union Territories of Dadra and Nagar Haveli and Goa, Daman, Diu in respect of cost of equity shares purchased by such persons in a year. These equity .....

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..... 2. 4. These facts may be brought to the notice of all Income-tax Officers working in your charge. They should be alerted not to allow deduction under section 80-CC in respect of shares part of the public issue made by M/s Ambalal Sarahbai Enterprises Pvt. Ltd. on 31St March, 1982. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindi .....

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