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of <h1>Amendment to Income-tax Act: Section 115AB Removes Reference to Section 48, Alters Income Treatment from April 1, 1993.</h1> Section 115AB of the Income-tax Act has been amended, effective April 1, 1993. In sub-section (2), clause (a), the reference to 'or sub-section (2) of section 48' is removed. Additionally, after 'Chapter VI-A,' the amendment inserts that the provisions of the second proviso to section 48 do not apply to the income mentioned in clause (b) of sub-section (1). This change pertains to the treatment of certain income under the tax regulations.
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