Special deduction New industrial acquisition in backward area Profit and business profits are allowed to be deducted on commercial profits after deductions under current year's Investment Allowance, Sections 35B and 80J, etc., Indian Income Tax Act 1961, ss 35b, 80 J & 80 HH Income Business Income Export Cash Paid Assistant Income Receipt CBDT Circular No. 572, Dated 3 8 1990 Indian Income Tax Act, 1961, Section 2 (24) and 28 [as amended by the Finance Act 1990]
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