Amendment of section 33AB

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... "Tea Deposit Account", wherever they occur, the words "Deposit Account" shall be substituted; (c) in sub-section (1) ,- (i) in the opening portion,- (A) for the words "growing and manufacturing tea", the words "growing and manufacturing tea or coffee or rubber" shall be substituted; (B) for the words "furnishing the return of his income", the words "the due date of furnishing the return of his in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nment,"; (d) for sub-section (4) the following sub-section shall be substituted, namely:- (4) Notwithstanding anything contained in sub-section (3) where any amount standing to the credit of the assessee in the special account or in the Deposit Account is released during any previous year by the National Bank or withdrawn by the assessee from the Deposit Account and such amount is utilised for the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... previous year and shall accordingly be chargeable to income-tax as the income of that previous year.'; (e) in the Explanation occurring at the end, for clause (a) , the following clauses shall be substituted, namely :- '(a) "Coffee Board" means the Coffee Board constituted under section 4 of the Coffee Act, 1942 (7 of 1942) ; (aa) "National Bank" means the National Bank for Agriculture and Rural .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X