TMI BlogDeductions to be made in computing total incomeX X X X Extracts X X X X X X X X Extracts X X X X ..... y deduction is admissible under section 80G or section 80GGA 4 [ or section 80GGC ] or section 80HH or section 80HHA or section 80HHB or section 80HHC or section 80HHD or section 80-I or section 80-IA 5 [or section 80-IB] 6 [ or section 80-IC ] 7 [ or section 80-ID or section 80-IE ] orsection80J 8 or section80JJ,nodeductionunderthe same section shall be made in computing the total income of a member of the association of persons or body of individuals in relation to the share of such member in the income of the association of persons or body of individuals. ] 9 [ (4) Notwithstanding anything to the contrary contained in section 10A or section 10AA or section 10B or section 10BA or in any provisions of this Chapter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny, for such transfer as recorded in the accounts of the undertaking or unit or enterprise or eligible business does not correspond to the market value of such goods or services as on the date of the transfer, then, for the purposes of any deduction under this Chapter, the profits and gains of such undertaking or unit or enterprise or eligible business shall be computed as if the transfer, in either case, had been made at the market value of such goods or services as on that date. Explanation .-For the purposes of this sub-section, the expression market value ,- (i) in relation to any goods or services sold or supplied, means the price that such goods or services would fetch if these were sold by the undertaking or unit or enterpr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. In the original Chapter, section 80A was amended by the Finance Act, 1966, w.e.f. 1-4-1966 and new section 80E was inserted by the Finance (No. 2) Act, 1966, w.e.f. 1-4-1966. 2. Substituted for 80VV by the Finance Act, 1985, w.e.f. 1-4-1986. Earlier, 80VV was substituted for 80U by the Taxa tion Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and 80U was substituted for 80T by the Finance Act, 1968, w.e.f. 1-4-1969. 3. Substituted for sub-section (3) by the Finance Act, 1992, w.e.f. 1-4-1993. Prior to substitution, sub-section (3) was amended by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971, the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972, the Finance Act, 1972, w.e.f. 1-4-1972, the Direct Taxes (Amendment) Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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