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of <h1>Tax Law Overhaul: Section 144A Subsection (2) Eliminated, Streamlining Income Tax Regulatory Framework</h1> The amendment removes sub-section (2) from section 144A of the Income-tax Act, 1961, as part of the Direct Tax Laws (Amendment) Act, 1987. This modification alters the existing statutory provisions related to income tax regulations, specifically targeting the specified subsection for deletion.
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