# The Finance Act, 2003, Section 49: Amendment of section 90

- Act: The Finance Act, 2003
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2003/section/49/

## Text

Amendment of section 90. 49. In section 90 of the Income-tax Act, with effect from the 1st day of April, 2004,— (i ) in sub-section (1), for clause (a), the following clause shall be substituted, namely :— "(a) for the granting of relief in respect of— (i ) income on which have been paid both income-tax under this Act and income-tax in that country; or (ii ) income-tax chargeable under this Act and under the corresponding law in force in that country to promote mutual economic relations, trade and investment, or"; (ii ) after sub-section (2) and before the Explanation , the following sub-section shall be inserted, namely :— "(3) Any term used but not defined in this Act or in the agreement referred to in sub-section (1) shall, unless the con­text otherwise requires, and is not inconsistent with the provi­sions of this Act or the agreement, have the same meaning as assigned to it in the notification issued by the Central Govern­ment in the Official Gazette in this behalf.". © Copyright. Taxmann Publications Pvt. Ltd.

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