Section 2 - Amendment of section 33 - Income Tax (Amendment) Act, 1963

2. Amendment of section 33. In section 33 of the Income-tax Act, 1961 (43 of 1961), in sub-section (1) (a) in clause (i), the word and where it occurs last shall be omitted; (b) for clause (ii) the following clauses shall be substituted, namely: (ii) in the case of machinery or plant installed before the 1st day of April, 1961, twenty-five per cent. of the actual cost of the machinery or plant to the assessee; and (iii) in the case of machinery or plant Installed after the 31st day of March, 1961 (a) where the machinery or plant is installed after the 31st day of March, 1963 and before the 1st day of April, 1966, for the purposes of business of mining coal, thirty-five per cent. of the actual cost of the machinery or plant to the assessee, and (b) in any other case, twenty per cent. of the actual cost of the machinery or plant to the assessee, . R. C. S. SARKAR, Secy. to the Govt. of India.