Title : Income-tax
State : Central
Year : 1999
View Complete Act List Judgments citing this sectionTitle : Repeal of Act 26 of 1972
State : Central
Year : 2005
This Hire-purchase Act, 1972 is hereby repealed. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 32
State : Central
Year : 2005
In section 32 of the Income-tax Act, in sub-section (1),-- (a) for clause (iia), the following clause shall be substituted with effect from the 1st day of April, 2006, namely:-- '(iia) in the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing, a further sum equal to twenty per cent. of the actual cost of such machinery or plant shall be allowed as deduction under clause (ii): Provided that no deduction shall be allowed in respect of- (A) any machinery or plant which, before its installation by the assessee, was used either within or outside India by any other person; or (B) any machinery or plant..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 35b
State : Central
Year : 2005
In section 35B of the Central Excise Act,-- (a) after sub-section (1A), the following sub-section shall be inserted, namely:-- "(1B) (i) The Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963(54 of 1963) may by notification in the in the Official Gazette, constitute such Committees as may be necessary for the purposes of this Act. (ii) Every Committee constituted under clause (i)" (b) in sub-section (2),-- (i) for the words "The Commissioner of Central Excise may, if he is", the words "The Committee of Chief Commissioners of Central Excise may, if it is" shall be substituted; (ii) for the words "on his behalf", the words "on its behalf" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 6
State : Central
Year : 2005
In section 6 of the Central Sales Tax Act, for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) Notwithstanding anything contained in this Act, no tax under this Act shall be payable by any dealer in respect of sale of any goods made by such dealer, in the course of inter-State trade or commerce, to any official, personnel, consular or diplomatic agent of-- (i) any foreign diplomatic mission or consulate in India; or (ii) the United Nations or any other similar international body, entitled to privileges under any convention or agreement to which India is a party or under any law for the time being in force, if such official, personnel, consular or diplomatic agent, as the case may be, has purchased such goods for himself or for the purposes of..... View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2005
In this Act, unless the context otherwise requires, each of the words and expressions used herein and not defined but defined in the Representation of the People Act, 1950(43 of 1950), shall have the same meaning as in that Act. View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 1974
In this Act, unless the context otherwise requires, -- (a) "compulsory deposit' means compulsory deposit under this Act; (b) "deposit" means a deposit of money. (c) "depositor" means a person who is liable to make a compulsory deposit; (d) "Income-tax Act" means the Income-tax Act, 1961; 1[(dd) "Income-tax Officer" has the same meaning as in Clause (25) of Section 2 of the Income-tax Act, and includes an Inspecting Assistant Commissioner who exercises or performs the powers or functions conferred on or assigned to him under Section 125 or Section 125A of the said Act.] (e) all other words and expressions used herein but not defined and defined in the Income-tax Act shall have the meanings, respectively assigned to them in that Act. ________________________ 1 . Inserted..... View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2005
In this Chapter, unless the context otherwise requires,-- (1) "Appellate Tribunal" means the Appellate Tribunal constituted under section 252 of the Income-tax Act, 1961(43 of 1961); (2) "Assessing Officer" means the Income-tax Officer or Assistant Commissioner of Income-tax or Deputy Commissioner of Income-tax or Joint Commissioner of Income-tax or Additional Commissioner of Income-tax who is authorised by the Board to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer under this Chapter; (3) "banking cash transaction tax" means tax leviable on the taxable banking transactions specified under the provisions of this Chapter; (4) "Board" means the Central Board of Direct Taxes constituted under the Central Boards of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 19
State : Central
Year : 2005
In the Central Sales Tax Act, 1956(74 of 1956) (hereinafter referred to as the principal Act), in section 19, after sub-section (2), the following sub-section shall be inserted, namely:-- "(2A) Notwithstanding anything contained in sub-section (2), the Chairman or a Member holding a post as such in the Authority for Advance Rulings appointed under clause (a) or clause (c), as the case may be, of sub-section (2) of section 245-O of the Income-tax Act, 1961(43 of 1961) may, in addition to his being the Chairman or a Member of that Authority, be appointed as the Chairman or a Member, as the case may be, of the Authority under this Act.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 47
State : Central
Year : 2005
In section 47 of the Income-tax Act, after clause (via), the following clause shall be inserted, namely:- '(viaa) any transfer, in a scheme of amalgamation of a banking company with a banking institution sanctioned and brought into force by the Central Government under sub-section (7) of section 45 of the Banking Regulation Act, 1949(10 of 1949), of a capital asset by the banking company to the banking institution. Explanation.-- For the purposes of this clause,-- (i) "banking company" shall have the same meaning assigned to it in clause (c) of section 5 of the Banking Regulation Act, 1949(10 of 1949); (ii) "banking institution" shall have the same meaning assigned to it in sub-section (15) of section 45 of the Banking Regulation Act, 1949(10 of 1949);'. View Complete Act List Judgments citing this section