Amendment of section 10

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..... m such institution, provided the amount of such premium is credited by such institution to a fund specified under clause (23E). Explanation : For the purposes of this clause, - (i) the expression "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956); (ii) the expression "exchange risk premium" means a pre .....

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..... mely :- '(23E) any income of such Exchange Risk Administration Fund set up by public financial institutions, either jointly or separately, as the Central Government may, be notification in the Official Gazette, specify in this behalf : Provided that where any amount standing to the credit of the Fund and not charged to income-tax during any previous year is shared, either wholly or in part .....

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..... ry, where such person is resident in the State of Sikkim in any previous year. Explanation : For the purposes of this clause, a person shall be deemed to be resident in the State of Sikkim if he fulfils the requirements of clause (1) or clause (2) or clause (3) or clause (4) of section 6, as the case may be, subject to the modifications that - (i) references in those clauses to India shall be .....

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