Title : Amendment of Section 197a
State : Central
Year : 2007
In section 197A of the Income-tax Act, in sub-section (1C), the words, figures and letter "and is entitled to a deduction from the amount of income-tax on his total income referred to in section 88B" shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 2006. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 295
State : Central
Year : 2007
In section 295 of the Income-tax Act, in sub-section (2), after clause (eeb), the following clauses shall be inserted and shall be deemed to have been inserted, with effect from the 1st day of June, 2006, namely:-- "(eeba) the documents, statements, receipts, certificates or audited reports which may not be furnished along with the return but shall be produced before the Assessing Officer on demand under section 139C; (eebb) the class or classes of persons who shall he required to furnish the return of income in electronic form; the form and the manner of furnishing the said return in electronic form; documents, statements, receipts, certificates or reports which shall not be furnished with the return in electronic form and the computer resource or electronic record to which such..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 2007
In section 2 of the Customs Act, 1962(52 of 1962) (hereinafter referred to as the Customs Act), in clause (41), for the words, brackets and figures "sub-section (1) of section 14", the words, brackets and figures "sub-section (1) or sub-section (2) of section 14" shall be substituted with effect from such date1 as the Central Government may, by notification in the Official Gazette, appoint. __________________________________ 1. w.e.f. from 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 Section 32e
State : Central
Year : 2007
In section 32E of the Central Excise Act, with effect from the 1st day of June, 2007, for sub-section (1), the following sub-sections shall be substituted, namely:-- "(1) An assessee may, in respect of a case relating to him, make an application, before adjudication, to the Settlement Commission to have the case settled, in such form and in such manner as may be prescribed and containing a full and true disclosure of his duty liability which has not been disclosed before the Central Excise Officer having jurisdiction, the manner in which such liability has been derived, the additional amount of excise duty accepted to be payable by him and such other particulars as may be prescribed including the particulars of such excisable goods in respect of which he admits short levy on account..... View Complete Act List Judgments citing this sectionTitle : Secondary and Higher Education Cess on Taxableservices
State : Central
Year : 2007
(1) The Secondary and Higher Education Cess levied under section 136, in the case of all services which are taxable services, shall be a tax (in this section referred to as the Secondary and Higher Education Cess on taxable services) at the rate of one per cent., calculated on the tax which is levied and collected under section 66 of the Finance Act, 1994(32 of 1994). (2) The Secondary and Higher Education Cess on taxable services shall be in addition to the tax chargeable on such taxable services, under Chapter V of the Finance Act, 1994(32 of 1994) and the Education Cess chargeable under section 95 of the Finance (No. 2) Act, 2004(23 of 2004). (3) The provisions of Chapter V of the Finance Act, 1994(32 of 1994) and the rules made thereunder, including those relating to refunds and..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 56
State : Central
Year : 2007
In section 56 of the Income-tax Act, in sub-section (2), in clause (v), in the proviso, the following sub-clauses shall be deemed to have been inserted with effect from the 1st day of April, 2005, namely:-- "(e) from any local authority as defined in the Explanation to clause (20) of section 10; or (f) from any fund or foundation or university or other educational institution or hospital or other medical institution or any trust or institution referred to in clause (23C) of section 10; or (g) from any trust or institution registered under section 12AA.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80a
State : Central
Year : 2007
In section 80A of the Income-tax Act, in sub-section (3),-- (i) after the word, figures and letters "section 80-IB", the words, figures and letters "or section 80-IC" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2004; (ii) after the words, figures and letters "or section 80-IC" as so inserted, the words, figures and letters "or section 80-ID or section 80-IE" shall be inserted with effect from the 1st day of April, 2008.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 115 Jb
State : Central
Year : 2007
In section 115JB of the Income-tax Act, after sub-section (2), in the Explanation with effect from the 1st day of April, 2008,-- (a) in clause (f), the words, figures and letters "section 10A or section 10B or" shall be omitted; (b) in clause (ii), the words, figures and letters "section 10A or section 10B or" shall be omitted. View Complete Act List Judgments citing this sectionTitle : Insertion of New Sections 139c and 139d
State : Central
Year : 2007
After section 139B of the Income-tax Act, the following sections shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2006, namely:-- "139C. Power of Board to dispense with furnishing documents, etc., with return.-- (1) The Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, reports of audit or any other documents, which are otherwise under any other provisions of this Act, except section 139D, required to be furnished, along with the return but on demand to be produced before the Assessing Officer. (2) Any rule made under the proviso to sub-section (9) of section 139 as it stood immediately before its omission by the Finance Act, 2007 shall..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Sections 245ha and 245haa
State : Central
Year : 2007
After section 245H of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of June, 2007, namely:-- "245HA. Abatement of proceeding before Settlement Commission.-- (1) Where-- (i) an application made under section 245C on or after the 1st day of June, 2007 has been rejected under sub-section (1) of section 245D; or (ii) an application made under section 245C has not been allowed to be proceeded with under sub-section (2A) or further proceeded with under subsection (2D) of section 245 D; or (iii) an application made under section 245C has been declared as invalid under sub-section (2C) of section 245D; or (iv) in respect of any other application made under section 245C, an order under sub-Section (4) of section 245D has not been passed..... View Complete Act List Judgments citing this section