Amendment of section 80HHD

Section 25 of the Finance Act, 1994 deals with amendment of section 80HHD. Amendment of section 80HHD. 25. In section 80HHD of the Income-tax Act, with effect from the 1st day of April, 1995,— (a) in sub-section (2), in the Explanation, for the words "from a tour operator or, as the case may be, a travel agent", the words "from another hotelier, tour operator or travel age The Act was enacted on 13 May 1994.

Amendment of section 80HHD.

25. In section 80HHD of the Income-tax Act, with effect from the 1st day of April, 1995,—

(a) in sub-section (2), in the Explanation, for the words "from a tour operator or, as the case may be, a travel agent", the words "from another hotelier, tour operator or travel agent, as the case may be," shall be substituted;

(b) in sub-section (3), after the words, brackets and figure "sub-section (2)", the brackets, words, figure and letter "[as reduced by any payment, referred to in subjection (2A), made by the assessee]" shall be inserted;

(c) in sub-section (6),—

(i) the words "aggregate of the" shall be omitted;

(ii) after the words "foreign tourists", the words, brackets, figure and letter., payments made by him to any assessee referred to in sub-section (2A)" shall be inserted.

[Finance Act, 1994]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 25, The Finance Act, 1994 (Act 32 of 1994).