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Section 2 - Amendment of section 10 - Income Tax (Amendment) Act, 1989Extract 2. Amendment of section 10 In section 10 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the principal Act), after clause (15), the following clause shall be inserted, namely: (15A) any payment made, by an Indian company engaged in the business of operation of aircraft, to acquire an aircraft on lease from the government of a foreign State or a foreign enterprise under an agreement approved by the Central Government in this behalf. Explanation For the purpose of this clause, foreign enterprise means a person who is a non-resident; .
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