Title : Amendment of Section 155
State : Central
Year : 1978
In section 155 of the Income-tax Act, - (a) after sub-section (7), the following sub-section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1974, namely :- "(7A) Where in the assessment for any year, the capital gain arising from the transfer of a capital asset, being a transfer by way of compulsory acquisition under any law, or a transfer the consideration for which was determined or approved by the Central Government or the Reserve Bank of India, is computed under section 48 and the compensation for such acquisition or the consideration for such transfer is enhanced or further enhanced by any court, tribunal or other authority, the computation or, as the case may be, computations made earlier shall be deemed to have been wrongly..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 209a
State : Central
Year : 1978
In the Income-tax Act, after section 209, the following section shall be inserted with effect from the 1st day of June, 1978, namely :- 209A. Computation and payment of advance tax by assessee. -(1) Every person shall, in each financial year, before the date on which the first instalment, or where he has not previously been assessed by way of regular assessment under this Act, before the date on which the last instalment of advance tax is due in his case under sub-section (1) of section 211, if his current income is likely to exceed the amount specified in sub-section (2) of section 208, send to the Income-tax Officer - (a) where he has been previously assessed by way of regular assessment under this Act, a statement of advance tax payable by him computed in the manner laid down in..... View Complete Act List Judgments citing this sectionTitle : Special Duties of Excise
State : Central
Year : 1978
(1) In the case of goods chargeable with a duty of excise under the central Excises Act, as amended from time to time, read with any notification for the time being in force issued by the Central Government in relation to the duty so chargeable, there shall be levied and collected a special duty of excise equal to five per cent. of the amount so chargeable on such goods. (2) Sub-section (1) shall cease to have effect after the 31st day of March, 1979, except as respects things done or omitted to be done before such cesser, and section 6 of the General Clauses Act, 1897 (10 of 1897), shall apply upon such cesser as if the said sub-section had then been repealed by a Central Act. (3) The special duties of excise referred to in sub-section (1) shall be in addition to any duties of..... View Complete Act List Judgments citing this sectionTitle : Auxiliary Duties of Customs
State : Central
Year : 1978
(1) In the case of goods mentioned in the First Schedule to the Customs Tariff Act, or in that Schedule as amended from time to time, there shall be levied and collected as an auxiliary duty of customs an amount equal to twenty per cent. of the value of the goods as determined in accordance with the provisions of section 14 of the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act). (2) Sub-section (1) shall cease to have effect after the 31st day of March, 1979, except as respects things done or omitted to be done before such cesser; and section 6 of the General Clauses Act, 1897 (10 of 1897), shall apply upon such cesser as if the said sub-section had then been repealed by a Central Act. (3) The auxiliary duties of customs referred to in sub-section (1)..... View Complete Act List Judgments citing this sectionTitle : Amendment of Act 38 of 1974
State : Central
Year : 1978
In the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, - (a) in section 4, - (A) in sub-section (1), - (1) in clause (i), the word "and", occurring at the end, shall be omitted; (2) for clause (ii), the following clauses shall be substituted, namely :- "(ii) for the assessment year commencing on the 1st day of April, 1977, and the assessment year commencing on the 1st day of April, 1978, at the rates specified in Paragraph B of the Schedule; and (iii) for the assessment year commencing on the 1st day of April, 1979, at the rates specified in Paragraph C of the Schedule"; (B) in sub-section (3), - (1) in clause (a), for the portion beginning with the words "in a case where the Income-tax Officer" and ending with the words and figures "section 212 of that Act",..... View Complete Act List Judgments citing this sectionTitle : Income-tax
State : Central
Year : 1978
(1) Subject to the provisions of sub-section (2) and (3), for the assessment year commencing on the 1st day of April, 1978, income-tax shall be charged at the rates specified in Part I of the Schedule and shall be increased, - (a) in the cases to which Paragraphs A, B, C, and D of that Part apply, by a surcharge for purposes of the Union; and (b) in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein. (2) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part I of the Schedule applies, where the assessee has, in the previous year, any net agricultural income, in addition to total income and the total income exceeds ten thousand rupees, then, - (a) the net agricultural income shall..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1978
In section 6 of the Income-tax Act, in clause (1), the following Explanation shall be inserted at the end with effect from the 1st day of April, 1979 :- Explanation : In the case of an individual, being a citizen of India, who is rendering service outside India and who is or has been in India on leave or vacation in the previous year, the provisions of sub-clauses (b) and (c) shall apply in relation to that year as if for the words "thirty days" and "sixty days", respectively occurring in the said sub-clauses, the words "ninety days" had been substituted.. Section 4 - Amendment of Section 23 In section 23 of the Income-tax Act, in the second proviso to sub-section (1) with effect from the 1st day of April, 1979, - (a) in clause (b), for the words, figures and letters "completed..... View Complete Act List Judgments citing this sectionTitle : Repealing and Amending Act, 1978
State : Central
Year : 1978
Preamble1 - REPEALING AND AMENDING ACT, 1978 Section1 - Short title Section2 - Repeal of certain enactments Section3 - Amendment of certain enactments Section4 - Savings ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE List Judgments citing this sectionState : Meghalaya
Year : 1978
THE MEGHALAYA TRANSFER OF LAND (REGULATION) (AMENDMENT) ACT, 1978 THE COLLECTION OF MEGHALAYA ACTS AND ORDINANCES FOR THE YEAR 1978 LIST OF MEGHALAYA ACTS AND ORDINANCES, 1978 Sl No. Short Title Page No. ACTS 1 The Meghalaya Transfer of Land (Regulation Amendment) Act, 1977. 1-2 2 The Meghalaya Appropriation (No. I) Act,1978 ... 3-8 3 The Meghalaya Appropriation (Vote on-Account) Act, 1978 8-18 4 The Meghalaya Finance Act, 1978 ... ... ... 19 5 The Meghalaya Finance (Sales Tax) (Amendment) Act, 1978. 20 6 The Meghalaya (Ministers' Salaries and allowances (Amendment) Act, 1978. 21-22 7 The Meghalaya Municipal (Garo Hills Autonomous District) Act, 1978. 22-23 8 The Meghalaya Appropriation (No. II) Act, 1978 ... 23-33 9 The National Sports Club of Assam..... List Judgments citing this sectionState : Kerala
Year : 1978
THE CALICUT MUNICIPAL CORPORATION (EXTENSION OF TIME FOR RECONSTITUTION) SECOND AMENDMENT ACT, 1978 THE CALICUT MUNICIPAL CORPORATION (EXTENSION OF TIME FOR RECONSTITUTION) SECOND AMENDMENT ACT, 1978 1 (Act 26 of 1978) An Act further to amend the Calicut Municipal Corporation (Extension of Time for Reconstitution) Act, 1976. Preamble .-WHEREAS it is expedient further to amend the Calicut Municipal Corporation (Extension of Time for Reconstitution) Act, 1976, for the purposes hereinafter appearing; BE it enacted in the Twenty-ninth Year of the Republic of India as follows: 1. Short title and commencement .-(1) This Act may be called the Calicut Municipal Corporation (Extension of Time for Reconstitution) Second Amendment Act, 1978. (2) It shall be deemed to..... List Judgments citing this section