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<h1>Finance Act 1985: Updates to Income-tax Act, including changes to sections 80A, 80-O, 80P, 80VVA, and more.</h1> The Finance Act of 1985 introduces consequential amendments to the Income-tax Act effective April 1, 1986. Section 80A is revised by replacing '80VV' with '80U' and omitting references to section 80JJ. Section 80-O's explanation is updated to define 'convertible foreign exchange' and income use outside India. Section 80P omits section 80JJ references. Section 80VVA adds clause '33AB' and omits clauses (xxiii) and (xxvi). Section 155's sub-section (11) is removed. Definitions of 'banking company' in sections 269SS and 269T are updated to align with the Banking Regulation Act. The Tenth Schedule is omitted.