Consequential amendments

Section 50 of the Finance Act, 1994 deals with consequential amendments. Consequential amendments. 50. The following amendments (being consequential in nature) shall be made In the Income-tax Act,— (a) in section 44AB, in the Explanation, in clause (ii), in sub-clause (a), for the figures, letters and words "31st day of December", the figures, letters and words "30th day The Act was enacted on 13 May 1994.

Consequential amendments.

50. The following amendments (being consequential in nature) shall be made In the Income-tax Act,—

(a) in section 44AB, in the Explanation, in clause (ii), in sub-clause (a), for the figures, letters and words "31st day of December", the figures, letters and words "30th day of November" shall be substituted;

(b) in section 80CC, in sub-section (1),—

(i) in clause (b), the word "or", occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1978;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1978;

(c) in section 80CCA, in sub-section (1),—

(i) in clause (b), the word "or", occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1988;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1988;

(d) in section 80CCB, in sub-section (1),—

(i) in clause (b), the word "or", occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991;

(e) in section 80D, in sub-section (2), clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1987;

(f) in section 80L, in sub-section (1),—

(i) in clause (b), the word "or", occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1968;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1968;

(g) in section 88, in sub-section (1),—

(i) in clause (b), the word "or", occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991;

(h) in section 88A, in sub-section (1),—

(i) in clause (b), the woid "or" occurring at the end, shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991;

(ii) clause (c) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1991.

[Finance Act, 1994]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 50, The Finance Act, 1994 (Act 32 of 1994).