TaxTMI 
TaxTMI 
Amendment of section 80-IA
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....dia on or after the 1st 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,....
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....proviso shall be inserted and shall be deemed to have been inserted 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 substitu....
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....ion (2) and such an undertaking is not covered under clauses (i) and (ii) of this sub-section;"; (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 p....
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....o tax where the profit has been transferred to a special reserve account and the same is actually utilised for the highway project excluding 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 acc....