Consequential amendments to certain sections

Section 39 of the Finance Act, 1983 deals with consequential amendments to certain sections. Consequential amendments to certain sections. The Act was enacted on 13 May 1983.

Consequential amendments to certain sections.

39. The following amendments (being amendments of a consequential nature) shall be made in the Income-tax Act, namely:—

(a) in sub-section (3) of section 11 for clause (b), the following clause shall be substituted, namely:—

"(b) ceases to remain invested or deposited in any of the from or modes specified in sub-section (5), or",

(b) in sub-section (3) of section 80A—

(i) after the words, figures and letters "or section 80HHB", the words, figures and letters "or section 80HHC" shall be inserted;

(ii) the words, figures and letters "or section 80JJA" shall be omitted with effect from the 1st day of April, 1984;

(c) in sub-section (5) of section 80G, to clause (i), the following proviso shall be added with effect from the 1st day of April, 1984, namely: —

"Provided that, where an institution or fund derives any income, being profits and gains of business, the condition that such income would not be liable to inclusion in its total income under the provisions of section 11 shall not apply in relation 'to such income if,-—

(a) the institution or fund maintains separate books of account in respect of such business;

(b) the donations made to the institution or fund are not used by it, directly or indirectly, for the purposes of such business; and

(c) the institution or fund issues to the person making the donation a certificate to the effect that it maintains separate books of account in respect of such business and that the donations received by it will not be used, directly or indirectly, for the purposes of such business;";

(d) in sub-section (3) of section 80P—

(i) after the words, figures and letters "or section 80HHB", the words, figures and letters "or section 80HHC" shall be Inserted;

(ii) the words, figures and letters "or section 80JJA" shall be omitted with effect from the 1st day of April, 1984;

. (iii) for the words, figures and letters "section 80HHB, section 80-I", the words, figures and letters "section 80HHB, section 80HHC, section 80-I" shall be substituted;

(iv) for the words, figures and letters "section 80J, section 80JJ and section 80JJA", the words, figures and letters "section' 80J and section 80JJ" shall be substituted with effect from the 1st day of April, 1984.

[Finance Act, 1983]

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Section 39, The Finance Act, 1983 (Act 11 of 1983).