Amendment of Section 80-IB

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.... the 1st day of April, 2009."; (b) after sub-section (11B), the following sub-section shall be inserted with effect from the 1st day of April, 2009, namely:— '(11C) The amount of deduction in the case of an undertaking deriving profits from the business of operating and maintaining a hospital located anywhere in India, other than the excluded area, shall be hundred per cent. of the profits an....

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.... correctly claimed. Explanation.— For the purposes of this sub-section,— (a) a hospital shall be deemed to have been constructed on the date on which a completion certificate in respect of such construction is issued by the local authority concerned; (b) "initial assessment year" means the assessment year relevant to the previous year in which the business of the hospital starts functioning....