Income-tax amendment clarifies cross-reference in section 54GA, inserting 'of section 2' and correcting IIM Act drafting. The Repealing and Amending Act, 2019 makes targeted textual corrections: it inserts the words "of section 2" after the reference to "clause (za)" in the ... Summary
Income-tax amendment clarifies cross-reference in section 54GA, inserting 'of section 2' and correcting IIM Act drafting.
The Repealing and Amending Act, 2019 makes targeted textual corrections: it inserts the words "of section 2" after the reference to "clause (za)" in the Explanation to sub section (1) of section 54GA of the Income tax Act, 1961, and in the Indian Institutes of Management Act, 2017 substitutes revised phrasing in the Director definition clause and changes "Ordinance" to "Ordinances" in the relevant sub section to correct drafting and plurality.
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