Amendment of section 33ABA.

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..... date shall be substituted. - Clause 16 of the Bill seeks to amend section 33ABA of the Income-tax Act relating to Site Restoration Fund. Sub-section (1) of the said section provides that if an assessee has deposited with a special account maintained by assessee for the purposes specified in a scheme approved by Government of India or deposits any amount in Site Restoration account opened by asses .....

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..... ssee furnishes, along with his return of income, the report of such audit in the prescribed form duly signed and verified by such accountant. It is proposed to amend sub-section (2) of the said section to provide that deduction under sub-section (1) shall not be admissible to assessee unless the accounts of the business or profession of the assessee for the previous year relevant to the assessment .....

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