TaxTMI 
TaxTMI 
Amendment of section 80-IA
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.... day of April, 1997" shall be inserted with effect from the 1st day of April, 1998; (b) in sub-section (2), in clause (iv),- (i) in sub-clause (b), the following proviso shall be inserted with effect from the 1st day of April, 1998, namely:-- 'Provided that in the case of an industrial undertaking set up in any part of India for the generation, or generation and distribution, of power, t....
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....ed with effect from the 1st day of April, 1995, namely:- 'Provided further that in case of an industrial undertaking located in an industrially backward district of Category B, the provisions of this clause shall have effect as if for the words "five assessment years", the words "three assessment years" had been substituted.'; (e) in sub-section (6),- (A) for clause (ii), the followi....
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....B) in clause (iv), the following proviso shall be inserted with effect from the 1st day of April, 1998, namely:- 'Provided that where the assessee begins operating and maintaining any infrastructure facility referred to in sub-clause (ii) of clause (ca) of sub-section (12), the provisions of this clause shall have effect as if for the word "twelve", the word "twenty" had been substituted;....
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....uding housing and other activities before the expiry of three years following the year in which such amount was transferred to the reserve account; and the amount remaining unutilised shall be chargeable to tax as income of the year in which transfer to reserve account took place."; (g) in sub-section (12), for clause (ca), the following clause shall be substituted with effect from the 1st day o....