Amendment of section 32AB

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..... ears is set off under section 72) of" shall be substituted; (ii) the following proviso shall be inserted at the end, namely :- "Provided that where such assessee is a firm, or any association of persons or any body of individuals, the deduction under this section shall not be allowed in the computation of the income of any partner, or, as the case may be, any member, of such firm, as .....

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..... mported into India from any country outside India; and (c) no deduction on account of depreciation in respect of such machinery or plant has been allowed or is allowable under this Act in computing the total income of any person for any period prior to the date of the installation of the machinery or plant by the assessee; (iv) "Tea Board" means the Tea Board established under sectio .....

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..... ) the amount or amounts of dividends paid or proposed, if any debited to the profit and loss account; and as reduced by any amount or amounts withdrawn from reserves or provisions, if such amounts are credited to the profit and loss account; and"; (d) after sub-section (5), the following sub-sections shall be inserted namely :- '(5A) Any amount standing to the credit of the assessee .....

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