Omitted

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....to be a Financial Corporation established by the State Government for the State within the meaning of that Act. 3. The Shipping Development Fund Committee, constituted under section 15 of the Merchant Shipping Act, 1958 (44 of 1958). 4. The Unit Trust of India, established under the Unit Trust of India Act, 1963 (52 of 1963). 5. The Industrial Development Bank of India, established under the Industrial Development Bank of India Act, 1964 (18 of 1964). 6. State Electricity Boards, constituted under the Electricity (Supply) Act, 1948 (54 of 1948). 7. The Life Insurance Corporation of India, established under the Life Insurance Corporation Act, 1956 (31 of 1956). 8. The Rehabilitation Industries Corporation of India Limited. 9. T....

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....(2) . . . . . . 10,000 Section 80C(I) . . . . . .  6,000, 9,000 and 12,000 Section 80C(a)(d) . . . . . . 10,000 . Section 80C(4) . . . . . . 60,000 and 40,000 Section 80F(2)(b) . . . . . . 50,000 Section 80L(I) . . . . . 7,000 (occurring in two places) Section 80L(1)-1st proviso . . . . . . 3,000 Section 80L(I)-2nd proviso . . . . . .  2,000 Section 80U . . . . . . 15,000 Section 139A . . . . . . 50,000" 8.  Substituted vide Section 56 of the Direct Tax Laws (Amendment) Act, 1989 w.e.f. 01-04-1989 before it was read as,  "4. Modification in section 6 Where the transitional previous year comprises a period of eighteen months or more, then, sub-section (1) of section 6 shall be subject to the....

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.... April, 1989, in the manner specified in sub-section (2) of section 3 and, in a case where 4[the first proviso or the third proviso] to that sub-section applies, the longer or, as the case may be, the longest of the periods reckoned in the manner laid down in 5[the said first proviso or, as the case may be, the said third proviso]. 2. Special provisions in a case where the transitional previous year is longer than twelve months. In a case where the transitional previous year is longer than twelve months, the provisions of this Act and the Finance Act of the relevant year shall apply subject to the modifications specified in rules 3, 4, 5 and 6 of this Schedule. 3. Modifications pertaining to monetary limits, etc. The provisions of t....

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.... the third proviso to sub-section (2) of section 3, then the amount or amounts specified in column (2) of the said Table shall be increased to such extent and in such manner as the Board may, having regard to,- (a) length of the period or periods included in the transitional previous year in respect of different sources of income; (b) length of the transitional previous year; and (c) other relevant factors, prescribe in this behalf.] 7[TABLE Provision of the Act (1) Amount (2)   Rs. Section 10(3) . . . . . 5,000 Section 12A(b) . . . . . 25,000 Section 13 (2)(g) . . . . . 1,000 Section 16(i) . . . . . 12,000 Section 16(i), proviso . . . . . 1,000 Section 16(ii) . . . . . 5,000 and 7,500 Section 23(1) (d) (ii)....

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....d as references, respectively, to the periods of two hundred and seventy-three days, one hundred and thirty-five days and ninety days. 5. Modification in respect of depreciation allowance. Where the assessee's income under the head "Profits and gains of business or profession" or under the head "Income from other sources" for a period of thirteen months or more is included in his total income for the transitional previous year, the allowance under clause (ii) of sub-section (1) of section 32 or, as the case may be, under clause (it) of section 57 in respect of depreciation on block of assets calculated in the manner stated in clause (ii) of sub-section (1) of section 32, shall be increased by multiplying it by a fraction of which th....