Section 12 - Amendment of section 115J - Direct Tax Laws (Second Amendment) Act, 1989

12. Amendment of section 115J. In section 115J of the Income-tax Act, in the Explanation,- (i) in clause (b), after the words, figures and letters reserves specified in section 80HHD , the words, brackets, figures and letters or sub-section (1) of section 33AC shall be inserted; (ii) after clause (h), the following clause shall be inserted, namely :- (ha) the amount deemed to be the profits under sub-section (3) of section 33AC; .