Circular : No. 329-Income Tax A reference was made to the Board as to whether undertakings engaged in extraction of timber and other forest produce by leasing out forests would be entitled to deductions under sections 80HH and 80J.
Notification No. S.O.1410-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bombay Salesian Society for the purpose of the said section for the period covered by the assessment years 1978-79 to 1981-82.
