# The Finance Act, 1998, Section 32: Amendment of section 80HHD

- Act: The Finance Act, 1998
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1998/section/32/

## Text

Amendment of section 80HHD. 32. In section 80HHD of the Income-tax Act, after sub-section (6), and before the Explanation, the following sub-section shall be inserted with effect from the 1st day of April, 1999, namely :— ‘(7) Where a deduction under sub-section (1) is claimed and allowed in respect of profits derived from the business of a hotel, such part of profits shall not qualify to that extent for deduction for any assessment year under any other provisions of this Chap­ter under the heading "C.—Deductions in respect of certain incomes", and shall in no case exceed the profits and gains of such hotel.’. © Copyright. Taxmann Publications Pvt. Ltd.

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