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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Act 1972 Amends Income-tax Act: New Clause (ib) Added to Section 56(2) for Specified Income Inclusion.</h1> Section 56 of the Income-tax Act has been amended by the Finance Act, 1972. In subsection (2), a new clause (ib) is inserted following clause (ia). This new clause pertains to income referred to in sub-clause (ix) of clause (24) of section 2.
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