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<h1>Income-tax Act Section 55 Amended: Cross-References Updated for Sections 32 and 41 by Taxation Laws Amendment Act 1970.</h1> Section 55 of the Income-tax Act, 1961, has been amended by the Taxation Laws (Amendment) Act, 1970. The amendment modifies clause (a) of sub-section (1) by replacing the references to 'sub-section (1) of section 32 or sub-section (2) of section 41' with 'sub-section (1), or clause (ii) of sub-section (1A), of section 32 or sub-section (2) or sub-section (2A) of section 41.' This change updates the cross-references within the Act to reflect the current statutory framework.