Amendment of section 80-IA

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..... " shall be inserted; (b) after sub-section (4A), the following sub-section shall be inserted, namely :- "(4B) This section applies to any company registered in India carrying on scientific and industrial research and development which fulfils all the following conditions, namely :- (i) the company has the main object of scientific and industrial research and development; (ii) the .....

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..... company carrying on scientific and industrial research and development, means the assessment year relevant to the previous year in which the company is approved by the prescribed authority for the purposes of sub-section (4B);"; (ii) for clause (ca), the following clause shall be substituted, namely :- '(ca) "infrastructure facility" means - (i) a road, highway, bridge, a .....

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