Telecom Regulatory Authority of India Act : Amendment of section 55. Indian Bare Acts :

Telecom Regulatory Authority of India Act,1997

Act No : 24

Section : Amendment of section 55.

19. Amendment of section 55. In section 55 of the Income-tax Act, with effect from the 1st day of April, 1998,- (a) in sub-section (1), in clause (b), in sub-clause (1) after the words "goodwill of a business" the words" or a right to manufacture, produce or process any article or thing" shall be inserted. (b) in sub-section (2), in clause 9a), after the words "being goodwill of a business", the words "or a right to manufacture, produce or process any article or thing," shall be inserted.