Section 16 - Amendment of section 80CC - Finance Act, 1985

16. Amendment of section 80CC In section 80CC of the Income-tax Act, in sub-section (3), in clause (a), - (a) for the words with the main object of carrying on the business of - , the words and the issue is wholly and exclusively for the purposes of carrying on the business of - shall be substituted; (b) in the proviso, the words formed and registered in India with the main object of shall be omitted.