Amendment of section 32

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..... the Income-tax Act, in sub-section (1), in clause (ii), after the second proviso, the following shall be inserted, namely:- 'Provided also that where an asset being commercial vehicle is acquire .....

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..... ercial vehicle" means "heavy goods vehicle", "heavy passenger motor vehicle'', "light motor vehicle", "medium goods vehicle" and "medium passenger motor vehicle" but does not include "maxi-cab .....

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