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of <h1>Income from Management Vesting in Government Now Included Under Section 28(ii)(d) of Income-tax Act, Effective April 1, 1972.</h1> Section 28 of the Income-tax Act is amended to include a new sub-clause (d) in clause (ii). This addition applies retroactively from April 1, 1972. The sub-clause specifies that income derived by any person in connection with the vesting of management of any property or business in the Government, or in any government-owned or controlled corporation, under current law, is included under this section.
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