Amendment of section 90

Section 49 of the Finance Act, 2003 deals with amendment of section 90. 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

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.".

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Section 49, The Finance Act, 2003.