Amendment of section 80G

Section 13 of the Finance Act, 1970 deals with amendment of section 80G. Amendment of section 80G 13. In section 80G of the Income-tax Act— (a) in clause (i) of sub-section (5), after the word, brackets and figures "clause (22)", the words, brackets, figures and letter "or clause (22A)" shall be inserted; The Act was enacted on 14 May 1970.

Amendment of section 80G

13. In section 80G of the Income-tax Act—

(a) in clause (i) of sub-section (5), after the word, brackets and figures "clause (22)", the words, brackets, figures and letter "or clause (22A)" shall be inserted;

(b) for Explanation 2, the following Explanation shall be substituted with effect from the 1st day of April, 1971, namely:—

"Explanation 2.-For the removal of doubts, it is hereby dec-. lared that a deduction to which the assessee is entitled in respect of any donation made to an institution or fund to which subsection (5) applies shall not be denied merely on either or both of the following grounds, namely:—

(i) that, subsequent to the donation, any part of the in come of the institution or fund has become chargeable to tax due to non-compliance with any of the provisions of section 11;

(ii) that, under clause (c) of sub-section (1) of section 13, the exemption under section 11 is denied to the institution or fund in relation to any income arising to it from any in-vestment referred to in clause (h) of sub-section (2) of section 13 where the aggregate of the funds invested by it in a concern referred to in the said clause (h) does not exceed five per cent. of the capital of that concern.".

[Finance Act, 1970]

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Section 13, The Finance Act, 1970 (Act 19 of 1970).