Section 6 - Amendment of section 34 - Taxation Laws (Amendment) Act, 1970

6. Amendment of section 34. In section 34 of the Income-tax Act,- (a) in sub-section (1), after the words, brackets and figure in sub-section (1) , the words, brackets, figure and letter or sub-section (1A) shall be inserted; (b) in sub-section (2),- (i) in clause (i),- (A) after the words, brackets and figure under sub-section (1) , the words, brackets, figure and letter or sub-section (1A) shall be inserted; (B) for the words plant or furniture , the words plant, furniture, structure or work shall be substituted; (ii) after clause (ii), the following clause shall be inserted, namely:- (iii) nothing in clause (i) of sub-section (1A) of section 32 shall be deemed to authorise the allowance for any previous year of any sum in respect of any structure or work in or in relation to a building referred to in that sub-section which is sold, discarded, demolished or destroyed or is surrendered as a result of the determination of the lease or other right of occupancy in respect of the building in that year. .