Amendment of section 35

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....fect from the 1st day of April, 1981; (ii) for the words "for the same previous year", the words "for the same or any other previous year" shall be substituted and shall be deemed always to have been substituted; (b) in sub-section (2A), with effect from the 1st day of September, 1980, - (i) in the opening paragraph, after the words, brackets and figures "clause (ii) of ....

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....having regard to the social, economic and industrial needs of India, he shall, subject to the provisions of this sub-section, be allowed a deduction of a sum equal to one and one-fourth times the amount of the expenditure certified by the prescribed authority to have been so incurred during the previous year. (b) Where a deduction has been allowed under clause (a) for any previous year in....