Section 54 - Amendment of section 115A - Finance Act, 1992

54. Amendment of section 115A In section 115A of the Income-tax Act, with effect from the 1st day of June, 1992, - (a) in sub-section (1), in clause (b), for the words such agreement is approved by the Central Government , the words the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy shall be substituted; (b) in sub-section (1A), for the words and approved by the Central Government , the words approved by the Central Government or where the agreement relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy shall be substituted.