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of <h1>Amendment to Section 230A: Agricultural Land Inclusion, Expanded Tax Acts, and Exemptions for Notified Institutions Effective 1971.</h1> Section 230A of the Income-tax Act was amended by the Finance (No. 2) Act, 1971, effective October 1, 1971. The amendment removed the exclusion of agricultural land from sub-section (1) and expanded the scope of clause (a) to include the Super Profits Tax Act, 1963, and the Companies (Profits) Surtax Act, 1964, alongside the Gift-tax Act, 1958. Additionally, a new sub-section (3) was introduced, exempting certain institutions, associations, or bodies from the provisions of sub-section (1), as notified by the Boards in the Official Gazette.
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