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Section 15 - Amendment of section. 80HHC - Direct Tax Laws (Amendment) Act, 1989Extract 15. Amendment of section. 80HHC. In section 80HHC of the Income-tax Act [as amended by section 24 of the Finance Act, 1988 (26 of 1988)],- (a) in sub-sections (1) and (1A), for the words whole of the income , the word profits shall be substituted; (b) in sub-section (4), for the words net foreign exchange realisation as determined in accordance with the Import and Export Policy of the Government of India for the relevant period , the words export turnover shall be substituted; (c) in sub-section (4A), in clause (a), for the word income , the word profits shall be substituted; (d) in the Explanation,- (i) clause (c) shall be omitted; (ii) clauses (d) and (e) shall be renumbered as clauses (c) and (d) respectively.
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