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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Act 1989 amends Income-tax Act section 263, expanding clauses (a), (b), and (c) effective June 1, 1988.</h1> The Finance Act of 1989 amends section 263 of the Income-tax Act by modifying sub-section (1) in the Explanation. In clause (a), it inserts the phrase 'on or before or after the 1st day of June, 1988,' regarding orders passed, effective from June 1, 1988. Clause (b) changes 'includes' to 'shall include and shall be deemed always to have included,' also effective from June 1, 1988. Clause (c) adds the phrase 'filed on or before or after the 1st day of June, 1988' concerning appeals, and expands the scope of the term 'shall extend,' both effective from June 1, 1988.