Amendment of Section 80M

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..... the following sub-section shall be substituted with effect from the 1st day of April, 1971, namely :- (2) Where a company to which this section applies is entitled also to the deduction in respect of .....

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..... dividends under section 80L shall be taken to be so much of the amount of the deduction under that section as may be in excess of the aggregate of the items of income referred to in clause (i), (ii), .....

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