TMI BlogAmendment of section 55.X X X X Extracts X X X X X X X X Extracts X X X X ..... y of April, 2001 shall be substituted; (B) in sub-section (2), in clause (b), for the figures, letters and words 1st day of April, 1981 wherever they occur, the figures, letters and words 1st day of April, 2001 shall be substituted. - Clause 28 of the Bill seeks to amend section 55 of the Income-tax Act relating to meaning of adjusted , cost of improvement and cost of acquisition . ..... X X X X Extracts X X X X X X X X Extracts X X X X
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