Title : Amendment of Section 206a
State : Central
Year : 2007
In section 206A of the Income-tax Act, in sub-section (1), for the words "not exceeding five thousand rupees", the words "not exceeding ten thousand rupees, where the payer is a banking company or a co-operative society, and five thousand rupees in any other case" shall be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 245d
State : Central
Year : 2007
In section 245D of the Income-tax Act; -- (i) for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of June, 2007, namely:-- "(1) On receipt of an application under section 245C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded with, and on hearing the applicant, the Settlement Commission shall, within a period of fourteen days from the date of the application, by an order in writing, reject the application or allow the application to be proceeded with: Provided that where no order has been passed within the aforesaid period by the Settlement Commission, the application..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 245e
State : Central
Year : 2007
In section 245E of the Income-tax Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 2007, namely: - "Provided further that no proceeding shall be reopened by the Settlement Commission under this section in a case where an application under section 245C is made on or after the 1st day of June, 2007.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 271
State : Central
Year : 2007
In section 271 of the Income-tax Act, in sub-section (1),-- (i) in Explanation 4, in clause (b), for the words "means the tax on the total income assessed;", the words and figures "means the tax on the total income assessed as reduced by the amount of advance tax, tax deducted at source, tax collected at source and self assessment tax paid before the issue of notice under section 148;" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2003; (ii) in Explanation 5, in the opening portion, for the words and figures "search under section 132", the words, figures and letters "search initiated under section 132 before the 1st day of June, 2007" shall be substituted with effect from the 1st day of June, 2007; (iii) after Explanation..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 296
State : Central
Year : 2007
In section 296 of the Income-tax Act, with effect from the 1st day of June, 2007, for the words, brackets, figures and letter "every notification issued under sub-clause (iv) of clause (23C) of section 10", the words, figures, letters and brackets "every notification issued before the 1st day of June, 2007 under sub-clause (iv) of clause (23C) of section 10" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 22d
State : Central
Year : 2007
In section 22D of the Wealth-tax Act -- (i) for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of June, 2007, namely:-- "(1) On receipt of an application under section 22C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded with, and on hearing the applicant, the Settlement Commission shall, within a period of fourteen days from the date of the application, by an order in writing, reject the application or allow the application to be proceeded with: Provided that where no order has been passed within the aforesaid period by the Settlement Commission, the application shall..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 22dd
State : Central
Year : 2007
In section 22DD of the Wealth-tax Act, in sub-section (2), in the proviso, the words ", so, however, that the total period of extension shall not in any case exceed two years" shall be omitted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 22e
State : Central
Year : 2007
In section 22E of the Wealth-tax Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:-- "Provided further that no proceeding shall be reopened by the Settlement Commission under this section in a case where an application under section 22C is made on or after the 1st day of June, 2007.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 127e
State : Central
Year : 2007
In section 127E of the Customs Act, after the proviso, the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:-- "Provided further that no proceeding shall be reopened by the Settlement Commission under this section in a case where an application under section 127B is made on or after the 1st day of June, 2007.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 127f
State : Central
Year : 2007
In section 127F of the Customs Act, in sub-section (2), for the brackets and figures "(7)" and "(6)", the brackets and figures "(5)" and "(4)" shall respectively be substituted with effect from the 1st day of June, 2007. View Complete Act List Judgments citing this section