# The Finance Act, 1997, Section 19: Amendment of section 55

- Act: The Finance Act, 1997
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1997/section/19/

## Text

Amendment of section 55. 19. In section 55 of the Income-tax Act, with effect from the 1st day of April, 1998,— (a) in sub-section (1), in clause (b) in sub-clause (1), after the words "goodwill of a business", the words "or a right to manufacture, produce or process any article or thing" shall be inserted; (b)in sub-section (2), in clause (a), after the words "being goodwill of a business", the words "or a right to manufacture, produce or process any article or thing," shall be inserted. © Copyright. Taxmann Publications Pvt. Ltd.

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