Amendment of section 74A
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.... Act, with effect from the 1st day of April, 1987, - (a) sub-sections (1) and (2) shall be omitted; (b) in sub-section (3), - (i) in the opening portion, - (A) the ....
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.... set off against income, if any, from any source other than the activity of owning and maintaining race horses in that year and"; (ii) in clause (a), for the words, brackets, letter and figur....
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