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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Amendments to Section 80L: Clause (iv) omitted, dividend reference removed, clause (iv) now clause (i) in proviso.</h1> Section 80L of the Income-tax Act is amended effective April 1, 1998, by omitting clause (iv) and removing the words ', or dividend received from,' in clause (x). Additionally, in the proviso, the reference to 'clause (iv)' is replaced with 'clause (i).' These changes are part of the Finance Act, 1997, impacting the provisions related to direct taxes and income tax regulations.