Section 15 - Amendment of section 43B - Direct Tax Laws (Amendment) Act, 1987

15. Amendment of section 43B. In section 43D of the Income-tax Act, - (a) in clause (b), the word or shall be inserted at the end; (b) after clause (b), the following clause shall be inserted, namely :- (c) any sum referred to in clause (ii) of sub-section (1) of section 36, ; (c) in the first proviso (as inserted by section 10 of the Finance Act, 1987 (11 of 1987)), after the word, brackets and letter clause (a) , the words, brackets and letter or clause (c) shall be inserted; (d) the Explanation shall be numbered as Explanation 1, and after Explanation 1 as so numbered, the following Explanation shall be inserted, namely :- Explanation 2.- For the removal of doubts it is hereby declared that where a deduction in respect of any sum referred to in clause (c) of this section is allowed in computing the income referred to in section 28 of the previous year (being a previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year) in which the liability to pay such sum was incurred by the assessee, the assessee shall not be entitled to any deduction under this section in respect of such sum in computing the income of the previous year in which the sum is actually paid by him. .