Amendment of section 80I
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....g vessels or other powered craft" shall be inserted; (ii) in the proviso, for the words "shall have effect", the words "shall have effect in relation to profits and gains derived from an industrial undertaking or a ship or the business of a hotel" shall be substituted; (b) after sub-section (4), the following sub-section shall be inserted, namely :- "(4A) This s....
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.... starts functioning", the words "or the company commences work by way of repairs to ocean-going vessels or other powered craft" shall be inserted; (ii) after the proviso, the following proviso shall be inserted, namely :- 'Provided further that in the case of an assessee carrying on the business of repairs to ocean-going vessels or other powered craft, the provisions of this....
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