Amendment of Section 40 of Act 11 of 1983

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....e Finance Act, 1983, with effect from the 1st day of April, 1992,― (a) in sub-section (3),-- (i) in clause (v), in the proviso, after the words "for industrial purposes", the words....

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....ue of any asset specified in sub-section (3) shall be either its value as on the valuation date determined in the manner laid down in Schedule III to the Wealth-tax Act or its value, disclosed in the ....