In section 80G of the Income-tax Act, with effect from the 1st day of April, 2001,-
(a) in sub-section (1), in clause (i), after the words, brackets, figures and letter "sub-clause (vii) of clause (a)", the words, brackets and letter "or in clause (c)" shall be inserted;
(b) in sub-section (2), after clause (b), the following clause shall be inserted, namely:-
"(c) any sums paid by the assessee, being a company, in the previous year as donations to the Indian Olympic Association or to any other association or institution as notified by the Central Government under clause (23) of section 10 for-
(i) the development of infrastructure for sports and games; or
(ii) the sponsorship of sports and games,
in India.";
(c) in sub-section (4), for the word, brackets and letter "clause (b)", the words, brackets and letters "clauses (b) and (c)" shall be substituted.