Amendment of Section 115
In section 115 of the Income-tax Act, in clause (i) with effect from the 1st day of April, 1977, -
(a) in sub-section (a)(1), for the words "forty-seven per cent.", the words "forty per cent." shall be substituted;
(b) in sub-clause (a)(2), for the words "forty-five per cent.", the words "fifty per cent." shall be substituted; and
(c) in sub-clause (b), for the words "forty-five per cent.", the words "forty per cent." shall be substituted.