Section 115 amendment removes a capital gains carve out and revises intra section cross references to clarify scope. Amendment of the Income tax Act effects three textual changes to section 115: omission of clause (i); removal from sub clause (b) of clause (ii) of the bracketed phrase excluding capital gains referred to in clause (i); and substitution in clause (iii) of the words 'in clauses (i) and (ii)' with 'in clause (ii)', thereby deleting the capital gains carve out and revising cross references within the section.
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Provisions expressly mentioned in the judgment/order text.
Section 115 amendment removes a capital gains carve out and revises intra section cross references to clarify scope.
Amendment of the Income tax Act effects three textual changes to section 115: omission of clause (i); removal from sub clause (b) of clause (ii) of the bracketed phrase excluding capital gains referred to in clause (i); and substitution in clause (iii) of the words "in clauses (i) and (ii)" with "in clause (ii)", thereby deleting the capital gains carve out and revising cross references within the section.
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