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<h1>Income-tax Act Amended: Section 10A Sub-section (3) & Explanation Below Sub-section (8) Updated to Extend Benefits.</h1> The Income-tax (Second Amendment) Act, 1998, modifies section 10A of the Income-tax Act. In sub-section (3), the term 'five' is replaced with 'ten,' and the phrases 'falling within a period of eight years' and 'specified by the assessee at his option' are removed, along with the proviso. Additionally, in the Explanation below sub-section (8), clause (ii) is replaced to define 'relevant assessment years' as the ten consecutive assessment years mentioned in sub-section (3).