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of <h1>Amendment to Section 32: No tax deduction for foreign cars acquired post-Feb 28, 1975, unless used for tourist hire.</h1> In the Finance Act of 1975, an amendment to Section 32 of the Income-tax Act was introduced. This amendment added a proviso to clause (ii) of sub-section (1), stating that no tax deduction would be permitted for any motor car manufactured outside India if acquired by the taxpayer after February 28, 1975, unless the car is used in a business of running it on hire for tourists.
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