Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Income-tax Act, 1961 | Statement: [Finance Act (India), mayAmend, Income-tax Act, 1961]

Target entity: Income-tax Act, 1961
Context triple: [Finance Act (India), mayAmend, Income-tax Act, 1961]

• A. Income Tax Act
  The Income Tax Act is the primary Canadian federal law that sets out the rules for calculating, reporting, and paying income tax for individuals and businesses.
• B. Revenue Act of 1962
  The Revenue Act of 1962 was a U.S. federal tax law that introduced investment tax credits and other measures aimed at stimulating economic growth and encouraging business investment during the Kennedy administration.
• C. Finance Act (India)
  The Finance Act (India) is an annual legislation passed by Parliament that gives legal effect to the Union Budget by specifying tax rates, duties, and related fiscal measures for the financial year.
• D. Integrated Goods and Services Tax Act, 2017
  The Integrated Goods and Services Tax Act, 2017 is an Indian law that governs the levy and collection of GST on inter-state supplies of goods and services, forming a core component of the country’s GST framework.
• E. Revenue Act of 1926
  The Revenue Act of 1926 was a major U.S. federal tax law that significantly reduced income tax rates and estate taxes as part of Treasury Secretary Andrew Mellon's broader program of pro-business tax cuts in the 1920s.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Target entity: Income-tax Act, 1961
Target entity description: The Income-tax Act, 1961 is India’s primary law governing the levy, computation, and collection of income tax on individuals and entities.

• A. Income Tax Act
  The Income Tax Act is the primary Canadian federal law that sets out the rules for calculating, reporting, and paying income tax for individuals and businesses.
• B. Revenue Act of 1962
  The Revenue Act of 1962 was a U.S. federal tax law that introduced investment tax credits and other measures aimed at stimulating economic growth and encouraging business investment during the Kennedy administration.
• C. Finance Act (India)
  The Finance Act (India) is an annual legislation passed by Parliament that gives legal effect to the Union Budget by specifying tax rates, duties, and related fiscal measures for the financial year.
• D. Integrated Goods and Services Tax Act, 2017
  The Integrated Goods and Services Tax Act, 2017 is an Indian law that governs the levy and collection of GST on inter-state supplies of goods and services, forming a core component of the country’s GST framework.
• E. Revenue Act of 1926
  The Revenue Act of 1926 was a major U.S. federal tax law that significantly reduced income tax rates and estate taxes as part of Treasury Secretary Andrew Mellon's broader program of pro-business tax cuts in the 1920s.
• F. None of above. chosen