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[Cites 0, Cited by 0] [Section 147] [Entire Act]

Union of India - Subsection

Section 147(2) in The Income Tax Act, 2025

(2)The deduction shall be allowed––
(a)for ten consecutive tax years beginning from the relevant tax year in the case of an entity mentioned in sub-section (1)(a);
(b)for ten consecutive tax years out of fifteen years beginning from the relevant tax year, at the option of an assessee, in the case of an entity mentioned in sub-section (1)(b).