Title : Short Title
State : Central
Year : 2007
This Act may be called the Constitution (Scheduled Castes) Order (Amendment) Act, 2007. View Complete Act List Judgments citing this sectionTitle : Short Title
State : Central
Year : 2007
This Act may be called the All-India Institute of Medical Sciences and the Post-Graduate Institute of Medical Education and Research (Amendment) Act, 2007. View Complete Act List Judgments citing this sectionTitle : Short Title and Commencement
State : Central
Year : 2007
(1) This Act may be called the National Tax Tribunal (Amendment) Act, 2007. (2) It shall be deemed to have come into force on the 29th day of January, 2007. View Complete Act List Judgments citing this sectionTitle : Short Title
State : Central
Year : 2007
This Act may be called the Securities Contracts (Regulation) Amendment Act, 2007. View Complete Act List Judgments citing this sectionTitle : Short Title
State : Central
Year : 2007
This Act may be called the Tyre Corporation of India Limited (Disinvestment of Ownership) Act, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 115 Wb
State : Central
Year : 2007
In section 115WB of the Income-tax Act, with effect from the 1st day of April, 2008-- (A) in sub-section (1),-- (i) in clause (b), the word "and" occurring at the end shall be omitted; (ii) in clause (c), for the word "employees", the words "employees; and" shall be substituted; (iii) after clause (c), the following clause shall be inserted, namely: -- '(d) any specified security or sweat equity shares allotted or transferred, directly or indirectly, by the employer free of Cost or at concessional rate to his employees (including former employee or employees). Explanation.--For the purposes of this clause,-- (i) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956(42 of 1956) and includes..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 245a
State : Central
Year : 2007
In section 245 A of the Income-tax Act, with effect from the 1st day of June, 2007,-- (a) for clause (b), the following clause shall be substituted, namely:-- '(b) "case" means any proceeding for assessment under this Act, of any person in respect of any assessment year or assessment years which may be pending before an Assessing Officer on the date on which an application under sub-section (1 of section 245C is made: Provided that-- (i) a proceeding for assessment or reassessment or recomputation under section 147; (ii) a proceeding for assessment or reassessment for any of the assessment years referred to in clause (b) of section 153 A in case of a person referred to in section 153 A or section 153C; (iii) a proceeding for assessment or reassessment for the assessment year..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 245
State : Central
Year : 2007
In section 245C of the Income-tax Act, with effect from the 1st day of June, 2007-- (i) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:-- "Provided that no such application shall be made unless-- (i) the additional amount of income-tax payable on the income disclosed in the application exceeds three lakh rupees; and (ii) such tax and the interest thereon, which would have been paid under the provisions of this Act had the income disclosed in the application been declared in the return of income before the Assessing Officer on the date of application, has been paid on or before the date of making the application and the proof of such payment is attached with the application."; (ii) in sub-section (1A), the words, brackets, figures and..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 271 Aaa
State : Central
Year : 2007
In the Income-tax Act, after section 271AA, the following section shall be inserted, namely:-- '271 AAA. Penalty where search has been initiated.-- (1) The Assessing Officer may, notwithstanding anything contained in any other provisions of this Act, direct that, in a case where search has been initiated under section 132 on or after the 1st day of June, 2007, the assessee shall pay by way of penalty, in addition to tax, if any, payable by him, a sum computed at the rate of ten per cent. of the undisclosed income of the specified previous year. (2) Nothing contained in sub-section (1) shall apply if the assessee,-- (i) in the course of the search, in a statement under sub-section (4) of section 132, admits the undisclosed income and specifies the manner in which such income has..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 292c
State : Central
Year : 2007
After section 292B of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1975, namely:-- "292C. Presumption as to assets books account, etc.-- Where any books of account, other documents, money, bullion, jewellery or other valuable article or thing are or is found in the possession or control of any person in the course of a search under section 132, it may, in any proceeding under this Act, be presumed-- (i) that such books of account, other documents, money, bullion, jewellery or other valuable article or thing belong or belongs to such person; (ii) that the contents of such books of account and other documents are true; and (iii) that the signature and every other part of such books..... View Complete Act List Judgments citing this section