Section 3 - Amendment of section 2 - Finance Act, 1990

CHAPTER III DIRECT TAXES Income-tax 3. Amendment of section 2 In section 2 of the Income-tax Act, - (i) in clause (24), - (a) existing sub-clause (va) shall be renumbered as sub-clause (vd) and before sub-clause (vd) as so renumbered, the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962, namely :- (va) any sum chargeable to income-tax under clause (iiia) of section 28; ; (b) after sub-clause (va), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1967, namely :- (vb) any sum chargeable to income-tax under clause (iiib) of section 28; ; (c) after sub-clause (vb), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1972, namely :- (vc) any sum chargeable to income-tax under clause (iiic) of section 28; ; (ii) in clause (40), for the word and figures section 143 , the words, brackets and figures sub-section (3) of section 143 shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1989; (iii) clause (42C) [as inserted by clause (ii) of section 2 of the Direct Tax Laws (Second Amendment) Act, 1989 (36 of 1989)] shall be omitted.