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TypeBare Act JurisdictionCentral Government

Finance Act, 2000 Section 39

AMENDMENT OF SECTION 80-IB In Section 80-IB of the Income Tax Act, with effect from the 1st day of April, 2001,

~2 min read
https://sooperkanoon.com/act/455238

Bare act section · Research

About this section

Finance Act, 2000 Section 39 is part of Finance Act, 2000 — AMENDMENT OF SECTION 80-IB In Section 80-IB of the Income Tax Act, with effect from the 1st day of April, 2001,. Read the section text below and explore Indian court judgments that cite it.

Research copy — verify against official government publications before filing or court use.

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Section Text

a) in sub-section (3), in clause (ii), for the figures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(b) in sub-section (4), in the first proviso, for the figures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(c) in sub-section (5), in the second proviso to clauses (i) and (ii), for the figures, letters and words "31st day of March, 2000", the figures, letters and words "31st day of March, 2002" shall be substituted;

(d) after sub-section (8), the following sub-section shall be inserted, namely :- "(8-A). The amount of deduction in the case of any company carrying on scientific research and development shall be hundred per cent of the profits and gains of such business for a period of ten consecutive assessment years, beginning from the initial assessment year, if such company-

(i) is registered in India;

(ii) has its main object the scientific and industrial research and development;

(iii) is for the time being approved by the prescribed authority at any time after the 31st day of March, 2000 but before the 1st day of April, 2003;

(iv) fulfils such other conditions as may be prescribed.";

(e) in sub-section (10),-

(i) in the opening portion, for the words "approved by a local authority", the words, letters and figures "approved before the 31st day of March, 2001 by a local authority" shall be substituted;

(ii) in clause (a), for the figures, letters and words "31st day of March, 2001", the figures, letters and words "31st day of March, 2003" shall be substituted.

Frequently asked questions

What does Finance Act, 2000 Section 39 provide?

Section Section 39 of the Finance Act, 2000 (AMENDMENT OF SECTION 80-IB In Section 80-IB of the Income Tax Act, with effect from the 1st day of April, 2001,) is reproduced on this page as part of the Finance Act, 2000. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2000 Section 39?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2000 Section 39. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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