Amendment of section 56.

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..... ction 12AA; or shall be substituted; (b) after clause (g), the following clause shall be inserted, namely:- (h) by way of transaction not regarded as transfer under clause (vicb) or clause (vid) or clause (vii) of section 47. . - Clause 34 of the Bill seeks to amend section 56 of the Income tax Act relating to income from other sources. The aforesaid section, inter alia, provide for chargeability .....

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