Title : Amendment of Section 47
State : Central
Year : 1992
In section 47 of the Income-tax Act, - (a) after clause (vi), the following clause shall be inserted, with effect from the 1st day of April, 1993, namely :- "(via) any transfer, in a scheme of amalgamation, of a capital asset being a share or shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company, if - (a) at least twenty-five per cent. of the shareholders of the amalgamating foreign company continue to remain shareholders of the amalgamated foreign company, and (b) such transfer does not attract tax on capital gains in the country, in which the amalgamating company is incorporated;"; (b) after clause (vii), the following clause shall be inserted, with effect from the 1st day of June, 1992, namely :- "(viia) any transfer of a..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 49
State : Central
Year : 1992
In section 49 of the Income-tax Act, in sub-section (1), in clause (iii), in sub-clause (e), after the word, brackets and figures "clause (vi)", the words, brackets, figures and letter "or clause (via)" shall be inserted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Omission of Section 53
State : Central
Year : 1992
Section 53 of the Income-tax Act shall be omitted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54
State : Central
Year : 1992
In section 54 of the Income-tax Act, in sub-section (2), the Explanation shall be omitted with the effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54b
State : Central
Year : 1992
In section 54B of the Income-tax Act, in sub-section (2), the Explanation shall be omitted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54d
State : Central
Year : 1992
In section 54D of the Income-tax Act, in sub-section (2), the Explanation shall be omitted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54e
State : Central
Year : 1992
In section 54E of the Income-tax Act, - (i) in sub-section (1), - (a) after the words "long-term capital asset", the words, figures and letters "before the 1st day of April, 1992" shall be inserted; (b) in the second proviso, the words, figures and letters "or the 31st day of March, 1992, whichever is earlier" shall be inserted at the end; (ii) after sub-section (1B), the following sub-section shall be inserted, namely :- "(1C) Notwithstanding anything contained in sub-section (1), where the capital gain arises from the transfer of the original asset, made after the 31st day of March, 1992, in respect of which the assessee had received any amount by way of advance on or before the 29th day of February, 1992, and had invested or deposited the whole or any part of such amount in..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54f
State : Central
Year : 1992
In section 54F of the Income-tax Act, in sub-section (4), the Explanation shall be omitted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54g
State : Central
Year : 1992
In section 54G of the Income-tax Act, in sub-section (2), the Explanation shall be omitted with effect from the 1st day of April, 1993. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54h
State : Central
Year : 1992
In section 54H of the Income-tax Act, the figures and letter ", 54E" shall be omitted. View Complete Act List Judgments citing this section