Title : Amendment of Section 142
State : Central
Year : 2007
In section 142 of the Income-tax Act,- (a) in sub-section (2A), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:-- "Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the assessee has been given a reasonable opportunity of being heard."; (b) in sub-section (2D), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:-- "Provided that where any direction for audit under sub-section (2A) is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, such audit (including the remuneration of the Accountant) shall be determined by the Chief Commissioner or Commissioner in accordance with such guidelines as..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 193
State : Central
Year : 2007
In section 193 of the Income-tax Act, in the proviso, in clause (iv), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:-- "Provided that nothing contained in this clause shall apply to the interest exceeding rupees ten thousand payable on 8% Savings (Taxable) Bonds, 2003 during the financial year;". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 194-i
State : Central
Year : 2007
In section 194-I of the Income-tax Act, for clauses (a) and (b), the following clauses shall be substituted with effect from the 1st day of June, 2007, namely:-- "(a) ten per cent. for the use of any machinery or plant or equipment; (b) fifteen per cent. for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings where the payee is an individual or a Hindu undivided family; and (c) twenty percent. for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings where the payee is a person other than an individual or a Hindu undivided family:". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 127j
State : Central
Year : 2007
In section 127J of the Customs Act, for the brackets and figure "(7)", the brackets and figure "(5)" shall be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 127k
State : Central
Year : 2007
In section 127K of the Customs Act, for the brackets and figure "(7)", the brackets and figure "(5)" shall be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Omission of Section 127ma
State : Central
Year : 2007
Section 127MA of the Customs Act shall be omitted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 156
State : Central
Year : 2007
In section 156 of the Customs Act, in sub-section (2), for clause (a), the following clause shall be substituted with effect from such date1 as the Central Government may, by notification in the Official Gazette, appoint, namely:-- "(a) the manner of determining the transaction value of the imported goods and export goods under sub-section (1) of section 14;". _______________________________ 1. w.e.f. 10.10.2007 as per Notification No. 93/2007-Customs (N.T.) dated 13.09.2007. View Complete Act List Judgments citing this sectionTitle : Amendment of First Schedule and Second Schedule
State : Central
Year : 2007
In the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act),-- (i) the First Schedule shall be amended in the manner specified in the Second Schedule; (ii) the Second Schedule shall be amended in the manner specified in the Third Schedule. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 32m
State : Central
Year : 2007
In section 32M of the Central Excise Act, for the brackets and figure "(7)", the brackets and figure "(5)" shall be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 32n
State : Central
Year : 2007
In section 32N of the Central Excise Act, for the brackets and figure "(7)", the brackets and figure "(5)" shall be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this section