Amendment of section 80I

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..... other powered craft shall be inserted; (ii) in the proviso, for the words shall have effect , the words shall have effect in relation to profits and gains derived from an industrial undertaking or a ship or the business of a hotel shall be substituted; (b) after sub-section (4), the following sub-section shall be inserted, namely :- (4A) This section applies to the business of repairs to ocean-goi .....

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..... rs to ocean-going vessels or other powered craft shall be inserted; (ii) after the proviso, the following proviso shall be inserted, namely :- 'Provided further that in the case of an assessee carrying on the business of repairs to ocean-going vessels or other powered craft, the provisions of this sub-section shall have effect as if for the words seven assessment years , the words four assessm .....

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