Finance Act, 1990
|
Amendment of section 276 (machinery or plant used partly for non-trading purposes) of Income Tax Act, 1967 . |
79.— Section 276 of the Income Tax Act, 1967 , is hereby amended in relation to machinery or plant provided for use for the purposes of a trade on or after the 1st day of April, 1990, by the insertion after “used by that person for the purposes of a trade carried on by him and” of “, while so used, was used wholly and exclusively for that purpose and otherwise”. |