Amendment of section 45

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..... (b) for clauses (a), (b), (c), (d) and (da), the following clauses shall be substituted, namely :- "(a) a company in which the public are substantially interested; (b) any company to an Indian company in a scheme of amalgamation;"; (c) for clause (e), the following clause shall be substituted, namely :- "(e) any institution or fund, which is eligible for the deduction under section 80F .....

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..... section 80F of the Income-tax Act is denied to the institution or fund in relation to any income arising to it from any investment referred to in clause (h) of sub-section (4) of that section where the aggregate of the funds invested by it in a concern referred to in the said clause (h) does not exceed five per cent, of the capital of that concern.'.
Statute, statutory provisions legislatio .....

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