Section 19 - Amendment of section 55 - Finance Act, 1997

19. Amendment of section 55 In section 55 of the Income-tax Act, with effect from the 1st day of April, 1998, - (a) in sub-section (1), in clause (b) in sub-clause (1), after the words goodwill of a business , the words or a right to manufacture, produce or process any article or thing shall be inserted; (b) in sub-section (2), in clause (a), after the words being goodwill of a business , the words or a right to manufacture, produce or process any article or thing, shall be inserted.