Notification No. S.O.529(E) – Income Tax Dated 17/7/1985

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  • 17 Jul 1985
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Notification: S.O.529(E)
Section(s) Referred: 80U
Statute: INCOME TAX
Date of Issue: 17/7/1985
In exercise of the powers conferred by section 295, read with section 80U, of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :–
This notification contains Amendment to Income-tax (Fourth Amendement) Rules, 1985 carried out on July 17, 1985 not reproduced here as it is already contained in the body of the rules itself                                                                                          

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Deduction U/s. 36(1)(vii) for Bad debts for income offered to tax during earlier year cannot be disallowed
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Category : Income Tax (27261)
Type : Notifications (15786) Notifications/Circulars (31743)
Tags : Income Tax Notifications (9727)

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