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<h1>Finance Act 2000 amends Section 80L Income-tax Act; modifies deduction eligibility for industrial and residential purposes.</h1> Section 80L of the Income-tax Act is amended by the Finance Act, 2000. In sub-section (1), changes are made to clause (vii) by inserting a reference to eligibility for deduction under clause (viii) of sub-section (1) of section 36, and the proviso is removed. Clause (x) is modified to include eligibility for deduction under clause (viii) of sub-section (1) of section 36 for residential purposes. These amendments relate to the conditions under which certain deductions are applicable for industrial development and residential purposes.