# The Finance Act, 1989, Section 21: Amendment of section 192

- Act: The Finance Act, 1989 (Act 13 of 1989)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1989/section/21/

## Text

Amendment of section 192 21. In section 192 of the Income-tax Act, with effect from the 1st day of June, 1989 — (a) in sub-section (2A),  for the words "public sector undertaking" the words "company, co-operative society, local authority, University, institution, association or body" shall be substituted; (b) after sub-section (2A),  the following Explanation  shall be inserted, namely:— 'Explanation.— For the purposes of this sub-section, "University" means a University established or incorporated by or under a Central, State or Provincial Act, and includes an institution declared under section 3 of the University Grants Commission Act, 1956 (3 of 1956) to be a University for the purposes of that Act.'. [Finance Act, 1989] © Copyright. Taxmann Publications Pvt. Ltd.

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