(1) This Act may be called the Finance Act, 1990. (2) Save as otherwise provided in this Act, sections 2 to 61 shall be deemed to have come into force on the 1st day of April, 1990.
View Complete Act List Judgments citing this section(1) This Act may be called the Finance Act, 1990. (2) Save as otherwise provided in this Act, sections 2 to 61 shall be deemed to have come into force on the 1st day of April, 1990.
View Complete Act List Judgments citing this section.....and shall be deemed to have been inserted with effect from the 1st day of April, 1967, namely :- "(vb) any sum chargeable to income-tax under clause (iiib) of section 28;"; (c) after sub-clause (vb), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1972, namely :- "(vc) any sum chargeable to income-tax under clause (iiic) of section 28;";' (ii) in clause (40), for the word and figures "section 143", the words, brackets and figures "sub-section (3) of section 143" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1989; (iii) clause (42C) [as inserted by clause (ii) of section 2 of the Direct Tax Laws (Second Amendment) Act, 1989 (36 of 1989)] shall be omitted.
View Complete Act List Judgments citing this sectionIn section 6 of the Income-tax Act, in clause (1), in sub-clause (c), in the Explanation, in clause (a), after the words "previous year", the words, brackets and figures "as a member of the crew of an Indian ship as defined in clause (18) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958) or" shall be inserted.
View Complete Act List Judgments citing this sectionIn section 10 of the Income-tax Act, in clause (15), - (i) in sub-clause (iv), in item (i), after the words "State Government", the words "or a public sector company" shall be inserted with effect from the 1st day of April, 1991; (ii) after sub-clause (iv), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1989, namely :- "(v) interest on securities held by the Registrar, Supreme Court, in Reserve Bank's SGL Account No. SL/DH 048;"
View Complete Act List Judgments citing this sectionIn section 32A of the Income-tax Act, - (i) in sub-section (4), in clause (ii), in the opening portion, for the words "the previous year in respect of which the deduction is to be allowed", the words, brackets and figure "any previous year in respect of which the deduction is to be allowed under sub-section (3) or any earlier previous year (being a previous year not earlier than the year in which the ship or aircraft was acquired or the machinery or plant was installed or the ship, aircraft, machinery or plant was first put to use)" shall be substituted and shall be deemed to have substituted with effect from the 1st day of April, 1976; (ii) sub-section (9) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1976.
View Complete Act List Judgments citing this sectionIn section 32AB of the Income-tax Act, in sub-section (1), after the first proviso, the following proviso shall be inserted, namely :- "Provided further that no such deduction shall be allowed in relation to the assessment year commencing on the 1st day of April, 1991, or any subsequent assessment year."
View Complete Act List Judgments citing this sectionIn section 33A of the Income-tax Act, in sub-section (1), for the proviso, the following provisos shall be substituted, namely :- "Provided that no deduction under clause (i) shall be allowed unless the planting has commenced after the 31st day of March, 1965, and been completed before the 1st day of April, 1990 : Provided further that no deduction shall be allowed under clause (ii) unless the planting has commenced after the 31st day of March, 1965, and been completed before the 1st day of April, 1970."
View Complete Act List Judgments citing this sectionIn section 34 of the Income-tax Act, in sub-section (3), in clause (a), - (i) for the words "the relevant previous year", the words, brackets and figure "any previous year in respect of which the deduction is to be allowed under sub-section (2) of that section or any earlier previous year (being a previous year not earlier than the year in which the ship was acquired or the machinery or plant was installed or the ship, machinery or plant was first put to use)" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1962; (ii) the Explanation shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1962.
View Complete Act List Judgments citing this sectionIn section 44AC of the Income-tax Act, with effect from the 1st day of April, 1991, - (a) in sub-section (1), in clause (a), the following Explanation shall be inserted at the end, namely :- 'Explanation : For the purposes of this clause, "purchase price" means any amount (by whatever name called) paid or payable by the buyer to obtain the goods referred to in this clause, but shall not include the amount paid or payable by him towards the bid money in an auction, or, as the case may be, the highest accepted offer in case of tender or any other mode;'; (b) in the Explanation, after the word "firm", the words "or co-operative society" shall be inserted.
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