Amendment of section 43B.

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Full Text of the Document

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....ll be deemed never to have been applied to a sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of clause (24) of section 2 applies.". - Clause 9 of the Bill seeks to amend section 43B of the Income-tax Act relating to certain deductions to be only on actual payments. Clause (b) of the said section provides that any sum payable by the assessee ....