Title : Direct Taxes
State : Central
Year : 2010
In section 2 of the Income-tax Act,-- (a) in clause (15), after the proviso, the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2009, namely:-- "Provided further that the first proviso shall not apply if the aggregate value of the receipts from the activities referred to therein is ten lakh rupees or less in the previous year;"; (b) in clause (24), in sub-clause (xv), after the words, brackets and figures "value of property referred to in clause (vii)", the words, brackets, figures and letter "or clause (viia)" shall be inserted with effect from the 1st day of June, 2010. Section 4 - Amendment of section 9 In section 9 of the Income-tax Act, for the Explanation occurring after sub-section (2), the following..... View Complete Act List Judgments citing this sectionTitle : Clean Energy Cess
State : Central
Year : 2010
(1) This Chapter extends to the whole of India. (2) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint. (3) There shall be levied and collected in accordance with the provisions of this Chapter, a cess to be called the Clean Energy Cess, as duty of excise, on goods specified in the Tenth Schedule, being goods produced in India, at the rates set forth in the said Schedule for the purposes of financing and promoting clean energy initiatives, funding research in the area of clean energy or for any other purpose relating thereto. (4) The proceeds of the cess levied under sub-section (5) shall first be credited to the Consolidated Fund of India and the Central Government may, after due appropriation made by Parliament..... View Complete Act List Judgments citing this sectionTitle : Service Tax
State : Central
Year : 2010
In the Finance Act, 1994,-- (A) in section 65, save as otherwise provided, with effect from such date as the Central Government may, by notification in the Official Gazette, appoint,-- (1) in clause (19), in sub-clause (ii), the Explanation shall be omitted; (2) after clause (19a), the following clause shall be inserted, namely:-- '(19b) "business entity" includes an association of persons, body of individuals, company or firm but does not include an individual;'; (3) in clause (25b), for the words "commercial or industrial construction service", the words "commercial or industrial construction" shall be substituted; (4) for clause (77c), the following clause shall be substituted, namely:-- '(77c) "passenger" means any person boarding an aircraft in India for performing..... View Complete Act List Judgments citing this sectionTitle : Rates of Income-tax
State : Central
Year : 2010
(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2010, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax shall be increased by a surcharge, for purposes of the Union, calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh sixty thousand rupees, then,-- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the..... View Complete Act List Judgments citing this sectionTitle : Indirect Taxes
State : Central
Year : 2010
In the Customs Act, 1962(52 of 1962) (hereinafter referred to as the Customs Act), in section 127B, in sub-section (1), for the words "but excluding the goods not included in the entry made under this Act", the words "or otherwise" shall be substituted. Section 58 - Amendment of section 127C In section 127C of the Customs Act, in sub-section (6). the following proviso shall be inserted, namely:-- "Provided that the period specified under this sub-section may, for reasons to be recorded in writing, be extended by the Settlement Commission for a further period not exceeding three months.". Section 59 - Amendment of section 127L In section 127L of the Customs Act,-- (a) in sub-section (1),-- (i) the words, figures and letters "before the 1st day of June, 2007" shall be..... View Complete Act List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 2010
(1) This Act may be called the Finance Act, 2010. (2) Save as otherwise provided in this Act, sections 2 to 56 shall be deemed to have come into force on the 1st day of April, 2010. View Complete Act List Judgments citing this sectionTitle : Jurisdiction, Powers and Proceedings of the Tribunal
State : Central
Year : 2010
(1) The Tribunal shall have the jurisdiction over all civil cases where a substantial question relating to environment (including enforcement of any legal right relating to environment), is involved and such question arises out of the implementation of the enactments specified in Schedule I. (2) The Tribunal shall hear the disputes arising from the questions referred to in sub-section (1) and settle such disputes and pass order thereon. (3) No application for adjudication of dispute under this section shall be entertained by the Tribunal unless it is made within a period of six months from the date on which the cause of action for such dispute first arose: Provided that the Tribunal may, if it is satisfied that the applicant was prevented by sufficient cause from filing the..... View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 2010
In the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, in section 3, in sub-section (1), after the words "dutiable goods", the brackets and words "(excluding goods produced or manufactured in a Special Economic Zone)" shall be inserted. Section 86 - Amendment of Seventh Schedule to Act 14 of 2001 The Seventh Schedule to the Finance Act, 2001 shall be amended in the manner specified in the Eleventh Schedule. Section 87 - Amendment of Seventh Schedule to Act 18 of 2005 The Seventh Schedule to the Finance Act, 2005 shall be amended in the manner specified in the Twelfth Schedule. View Complete Act List Judgments citing this sectionTitle : Central Sales Tax
State : Central
Year : 2010
In the Central Sales Tax Act, 1956(74 of 1956) (hereinafter referred to as the Central Sales Tax Act), in section 6A,-- (a) in sub-section (2), for the portion beginning with the words "are true, he may" and ending with the words "declaration relates shall", the words "are true and that no inter-State sale has been effected, he may, at the time of, or at any time before, the assessment of the tax payable by the dealer under this Act, make an order to that effect and thereupon the movement of goods to which the declaration relates shall, subject to the provisions of sub-section (3)," shall be substituted; (b) after sub-section (2), the following sub-section shall be inserted, namely:-- "(3) Nothing contained in sub-section (2) shall preclude reassessment by the assessing authority..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1983
Section 3 - Amendment Of Section 2 In section 2 of the Income-tax Act, - (a) in clause (15), the words "not involving the carrying on of any activity for profit" shall be omitted with effect from the 1st day of April, 1984; (b) sub-clause (18), in sub-clause (b), for item (B), the following item shall be substituted with effect from the 2nd day of April, 1983, namely :- '(B) shares in the company (not being shares entitled to a fixed rate of dividend whether with or without a further right to participate in profits) carrying not less than fifty per cent. of the voting power have been allotted unconditionally to, or acquired unconditionally by, and were throughout the relevant previous year beneficially held by - (a) the Government, or (b) a corporation established by a..... View Complete Act List Judgments citing this section