Amendment of Section 72a
In section 72A of the Income-tax Act, in sub-section (7), after clause (a), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2000, namely :-
'(aa) "industrial undertaking" means any undertaking which is engaged in-
(i) the manufacture or processing of goods; or
(ii) the manufacture of computer software; or
(iii) the business of generation or distribution of electricity or any other form of power; or
(iv) mining; or
(v) the construction of ships, aircrafts or rail systems ;'.