Title : Direct Taxes
State : Central
Year : 1974
In section 10 of the Income-tax Act, - (a) in clause (10), - (i) after the words "revised Pension Rules of the Central Government", the words, brackets and figures "or, as the case may be, the Central Civil Services (Pension) Rules, 1972" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 1972; (ii) for the words "or under any similar scheme of a State Government or a local authority", the following shall be substituted and shall be deemed always to have been substituted, namely :- "or under any similar scheme applicable to the members of the civil services of the Union or holders of posts connected with defence or of civil posts under the Union (such members or holders being persons not governed by the said Rules) or to the members..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes Income-tax
State : Central
Year : 1986
In section 10 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in clause (3), for the words "not being winnings from lotteries, to the extent such receipts do not exceed one thousand rupees in the aggregate", the words "to the extent such receipts do not exceed five thousand rupees in the aggregate" shall be substituted; (b) in clause (13A), the brackets and words "(not exceeding four hundred rupees per month)" shall be omitted. Section 4 - Amendment Of Section 16 In section 16 of the Income-tax Act, in clause (i), for the portion beginning with the words "a sum equal to" and ending with the words "whichever is less", the following shall be substituted with effect from the 1st day of April, 1987, namely:- "a sum equal to thirty per cent. of the salary..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1979
In section 10 of the Income-tax Act, - (a) in clause (6), in the Explanation to sub-clause (viia), with effect from the 1st day of June, 1979, - (i) in clause (ii), the word "or" shall be inserted at the end; (ii) after clause (ii), the following clause shall be inserted, namely :- "(iii) such other field as the Central Government may, having regard to the availability of Indians having specialised knowledge and experience therein, the needs of the country and other relevant circumstances, by notification in the Official Gazette, specify,"; (b) in clause (15), in sub-clause (ii), the following proviso shall be inserted with effect from the 1st day of April, 1980, namely :- "Provided that where in the case of an assessee the interest on deposits in a Public Account of the..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1975
In section 10 of the Income-tax Act, - (a) in sub-clause (ii) of clause (5), - (i) in item (a) and item (b), for the words "himself, his spouse and children,", the words "himself and his family," shall be substituted; (ii) in the proviso, for the words "shall in no case exceed,", the words "shall not, except in such cases and under such circumstances as may be prescribed having regard to the travel concession or assistance granted to the employees of the Central Government, exceed" shall be substituted; (iii) the following Explanation shall be inserted at the end, namely :- Explanation : For the purposes of this sub-clause, "family", in relation to an individual, means - (i) the spouse and children of the individual; and (ii) the parents, brothers, and sisters of the..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1981
Section 3 - Insertion Of New Section 10a After section 10 of the Income-tax Act, the following section shall be inserted, namely :- '10A. Special provision in respect of newly established industrial undertakings in free trade zones. (1) Subject to the provisions of this section, any profits and gains derived by an assessee from an industrial undertaking to which this section applies shall not be included in the total income of the assessee. (2) This section applies to any industrial undertaking which fulfils all the following conditions, namely :- (i) it has begun or begins to manufacture or produce articles or things during the previous year relevant to the assessment year commencing on or after the 1st day of April, 1981 in any free trade zone; (ii) it is not formed by the..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes Income-tax
State : Central
Year : 1989
In section 2 of the Income-tax Act [as amended by section 3 of the Direct Tax Laws (Amendment) Act, 1987 (4 of 1988)], in clause (1A), the following Explanation shall be inserted at the end and shall be deemed to have been inserted with effect from the 1st day of April, 1970, namely :- "Explanation : For the removal of doubts, it is hereby declared that revenue derived from land shall not include and shall be deemed never to have included any income arising from the transfer of any land referred to in item (a) or item (b) of sub-clause (iii) of clause (14) of this section;". Section 4 - Amendment Of Section 10 In section 10 of the Income-tax Act, - (a) after clause (14), the following clause shall be inserted, namely :- '(14A) any income received by a public financial..... View Complete Act List Judgments citing this sectionTitle : Income-tax
State : Central
Year : 1969
In section 2 of the Income-tax Act, in clause (18) for sub-clause (b), the following sub-clause shall be substituted with effect from the 1st day of April, 1970, namely :- (b) if it is a company which is not a private company as defined in the Companies Act, 1956 (1 of 1956), and the conditions specified either in item (A) or in item (B) are fulfilled, namely :- (A) shares in the company (not being shares entitled to a fixed rate divided whether with or without a further right to participate in profits) were on the last day of the relevant previous year, listed in a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder; (B)(i) shares in the company (not being shares entitled to a fixed rate..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1994
Section 3 - Amendment of Section 2 In section 2 of the Income-tax Act, - (a) in clause (19A), after the words "Deputy Commissioner of Income-tax", the words "or an Additional Commissioner of Income-tax" shall be inserted with effect from the 1st day of June, 1994; (b) in clause (19B), after the words and brackets "Deputy Commissioner of Income-tax (Appeals)", the words and brackets "or an Additional Commissioner of Income-tax (Appeals)" shall be inserted with effect from the 1st day of June, 1994; (c) after clause (19B), the following clause shall be inserted with effect from the 1st day of June, 1994, namely :- '(19C) "Deputy Director" means a person appointed to be a Deputy Director of Income-tax or an Additional Director of Income-tax under sub-section (1) of section 117;';..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1973
Section 3 - Amendment of Section 2 In section 2 of the Income-tax Act, - (a) in clause (37A), in sub-clause (ii), after the figures and letter "194B", the figures and letter", 194D" shall be inserted; (b) in clause (42A), for the portion beginning with the words "short-term capital asset" means a capital asset and ending with the words "notwithstanding that such capital asset has been held by the assessee for not more than twenty-four months immediately preceding the date of its transfer.", the following shall be substituted with effect from the 1st day of April, 1974, namely :- "short-term capital asset" means a capital asset held by an assessee for not more than sixty month immediately preceding the date of its transfer.. Section 4 - Amendment of Section 28 In section 28..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1982
In section 6 of the Income-tax Act, in clause (1), with effect from the 1st day of April, 1983, - (i) sub-clause (b) shall be omitted; (ii) for the Explanation, the following Explanation shall be substituted, namely :- 'Explanation : In the case of an individual, being a citizen of India, - (a) who leaves India in any previous year for the purposes of employment outside India, the provisions of sub-clause (c) shall apply in relation to that year as if for the words "sixty days", occurring therein, the words "one hundred and eighty-two days" had been substituted; (b) who, being outside India, comes on a visit to India in any previous year, the provisions of sub-clause (c) shall apply in relation to that year as if for the words "sixty days", occurring therein, the words "ninety..... View Complete Act List Judgments citing this section