Section 7 - Amendment of section 26 - Taxation Laws (Amendment) Act, 1975

7. Amendment of section 26. In section 26 of the Income-tax Act, the following Explanation shall be inserted at the end, namely: Explanation. For the purposes of this section, in applying the provisions of sub-section (2) of section 23 for computing the share of each such person as is referred to in this section, such share shall be computed, as if each such person is individually entitled to the relief provided in that sub-section. .