9911796707
TMI BlogInsertion of new chapter VII-BX X X X Extracts X X X X X X X X Extracts X X X X ..... on certain deductions in the case of companies. - (1) Notwithstanding anything contained in any other provision of this Act, where In The case of an assessee being a company, the amount or, as the case may be, the aggregate amount which, but for the provisions of this section, would have been admissible as deduction for any assessment year under any one or more of the provisions of this Act specif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s the sum paid by the assessee; (iv) sub-section (2B) of section 35, to the extent to which the deduction under the said sub-section exceeds the expenditure incurred by the assessee; (v) section 35C; (vi) section 35CC; (vii) section 35CCA; (viii) section 35CCB; (ix) clause (ii) of sub-section (2) of section 33; (x) clause (ii) of sub-section (2) of section 33A; (xi) sub-section (1), or, as the cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be, the aggregate amount of deduction, under those provisions, be allowed in the order in which the said provisions have been specified in sub-section (2), and accordingly - (a) deduction shall first be allowed under the provision specified in clause (i) of sub-section (2); and (b) if no deduction is allowable under the provision specified in the said clause (i) or the deduction allowable under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n sub-section (2), by virtue only of the restriction under sub-section (1) (and not by virtue of anything contained in any other section), the amount remaining unallowed shall be added to the amount, if any, to be allowed to the assessee under the said provision for the next following assessment year and be deemed to be part of the deduction admissible to the assessee under the said provision for ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
