Amendment of section 80JJAA.

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....tituted, namely:- "(a) if the factory is acquired by the assessee by way of transfer from any other person or as a result of any business re-organisation;"; (c) in the Explanation, in clause (i), for the words "one hundred workmen", the words "fifty workmen" shall be substituted. - Clause 22 of the Bill seeks to amend section 80JJAA of the Income-tax Act relating to deduction in respect....

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.... The Explanation to the said section defines "additional wages" to mean the wages paid to the new regular workmen in excess of one hundred workmen employed during the previous year. It is proposed to amend sub-section (1) of the said section so as to provide that where the gross total income of any assessee includes any profits and gains derived from the manufacture of goods in a factory, th....