Amendment of section 80-IA

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....inserted with effect from the 1st day of April, 1998; (b) in sub-section (4), with effect from the 1st day of April, 1998, - (i) for the portion beginning with the words "This section applies -" and ending with the words, brackets and figures "either of the conditions (iii) or (iv) are fulfilled, namely :-", the following shall be substituted, namely :- "This section applies to the business of any hotel - (a) where conditions (i), (ii) and (v); and (b) either of the conditions (iii) or (iv); or (c) either of the conditions (iiia) or (iva), are fulfilled, namely :-"; (ii) after clause (iii), the following clause shall be inserted, namely :- "(iiia) the business ....

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....of April, 1996, namely :- "(4C) This section applies to any undertaking which starts providing telecommunication services whether basic or cellular at any time on or after the 1st day of April, 1995, but before the 31st day of March, 2000."; (d) after sub-section (4C) as so inserted, the following sub-sections shall be inserted with effect from the 1st day of April, 1998, namely :- "(4D) This section applies to any undertaking which begins to operate an industrial park notified by the Central Government in accordance with the scheme framed and notified by that Government for the period beginning on the 1st day of April, 1997, and ending on the 31st day of March, 2002. (4E) This section applies to any unde....

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....from the 1st day of April, 1998, namely :- "(iia) in the case of a hotel referred to in clause (iiia) of sub-section (4), fifty per cent. of the profits and gains derived from the business of such hotel : Provided that the said hotel is approved by the prescribed authority for the purposes of this clause in accordance with the rules made under this Act;"; (iv) in clause (iii), after the word, brackets and figures "clause (iv)", the words, brackets, figures and letter "or clause (iva)" shall be inserted with effect from the 1st day of April, 1998. "(v) after clause (iv), the following clause shall be inserted with effect from the 1st day of April, 1998, namely :- "(v) in the case of undertaking re....