Bare Act Search Results
Home Bare Acts Phrase: half lengthIncome Tax Act, 1961 Section 92C
Title: Computation of Arms Length Price.
State: Central
Year: 1961
.....to the nature of transaction or class of transaction or class of associated persons or functions performed by such persons or such other relevant factors as the Board may prescribe2, namely : (a) comparable uncontrolled price method ; (b) resale price method ; (c) cost plus method ; (d) profit split method ; (e) transactional net margin method ; (f) such other method as may be prescribed3 by the Board. (2) The most appropriate method referred to in sub-section (1) shall be applied, for determination of arms length price, in the manner as may be prescribed4: 5[Provided that where more than one price is determined by the most appropriate method, the arms length price shall be taken to be the arithmetical mean of such prices: Provided further that if the variation between the arms length price so determined and price at which the international transaction has actually been undertaken does not exceed five per cent. of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arms length price.] (3) Where during the course of any proceeding for the assessment of income, the Assessing Officer is, on the.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 92
Title: Computation of Income from International Transaction Having Regard to Arms Length Price
State: Central
Year: 1961
.....on the basis of entries made in the books of account in respect of the previous year in which the international transaction was entered into.] _______________________ 1. Substituted by the Finance Act, 2002, with effect from 1st April, 2002. (This section was earlier substituted by the Finance Act, 2001, with effect from the same date, i.e., 1st April, 2002). Prior to such substitution, this section stood as under : 92. Income from transactions with non-residents, how computed in certain cases. Where a business is carried on between a resident and a non-resident and it appears to the Assessing Officer that, owing to the close connection between them, the course of business is so arranged that the business transacted between them produces to the resident either no profits or less than the ordinary profits which might be expected to arise in that business, the Assessing Officer shall determine the amount of profits which may reasonably be deemed to have been derived therefrom and include such amount in the total income of the resident.
View Complete Act List Judgments citing this sectionStandards of Weights and Measures Act, 1976 Section 5
Title: Base Unit of Length
State: Central
Year: 1976
(1) The base unit of length shall be the metre. (2) The "metre" is the length equal to 1650 763.73 wave lengths in vacuum of the radiation corresponding to the transition between the levels 2p10 and 5d5 of the krypton-86 atom.
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 116
Title: Remission of Tax in Areas Included or Extended in the Middle of Half-year
State: Karnataka
Year: 1976
.....owner of every building or land in such area shall be entitled,- (a) if the date of such exclusion falls within the first four months of a half-year, to a remission of the whole of the property tax payable in respect thereof for that half-year; and (b) if such date falls within the last four months of a half-year, to a remission of so much, not exceeding a half the property tax payable in respect thereof for that half-year as is proportionate to the number of days in that half-year succeeding such date. (3) No remission shall be granted under sub-section (2) in respect of any building or land unless an application for such remission is made to the Commissioner within three months from the date of the exclusion of the area in which the building or land is situated.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 92F
Title: Definitions of Certain Terms Relevant to Computation of Arms Length Price, Etc.
State: Central
Year: 1961
.....92, 92A, 92B, 92C, 92D and 92E, unless the context otherwise requires (i) accountant shall have the same meaning as in the Explanation below sub-section (2) of section 288 ; (ii) arms length price means a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions ; (iii) enterprise means a person (including a permanent establishment of such person) who is, or has been, or is proposed to be, engaged in any activity, relating to the producton, storage, supply, distribution, acquisition or control of articles or goods, or know-how, patents, copyrights, trade-marks, licences, franchises or any other business or commercial rights of similar nature, or any data, documentation, drawing or specification relating to any patent, invention, model, design, secret formula or process, of which the other enterprise is the owner or in respect of which the other enterprise has exclusive rights, or the provision of services of any kind 2[or in carrying out any work in pursuance of a contract], or in investment, or providing loan or in the business of acquiring, holding, underwriting or dealing with shares,.....
View Complete Act List Judgments citing this sectionHigh Court Judges (Salaries and Conditions of Service) Act, 1954 Section 5A
Title: Commutation of Leave on Half Allowances into Leave on Full Allowances
State: Central
Year: 1954
1[5A. Commutation of leave on half allowances into leave on full allowances.-- (1) Notwithstanding anything contained in sub-section (2) of section 5, a Judge may be permitted to commute leave on half allowances into leave on full allowances on medical certificate up to a maximum of three months during the whole period of his service as a Judge. (2) In computing the maximum period of leave on full allowances which may be granted at one time to a Judge under sub-section (3) of section 5, the amount of commuted leave permitted to him under this section shall not be taken into account.] ___________________________ 1. Inserted by Act 78 of 1971, Section 5 (15-1-1972).
View Complete Act List Judgments citing this sectionSupreme Court Judges (Salaries and Conditions of Service) Act, 1958 Section 5A
Title: Commutation of Leave on Half Allowances into Leave on Full Allowances
State: Central
Year: 1958
1 [5A. Commutation of leave on half allowances into leave on full allowances (1) Notwithstanding anything contained in sub-section (2) of section 5, a Judge may be permitted to commute leave on half allowances into leave on full allowances on medical certificate up to a maximum of three months during the whole period of his service as a Judge. (2) In computing the maximum period of leave on full allowances which may be granted at one time to a Judge under sub-section (3) of section 5, the amount of commuted leave permitted to him under this section shall not be taken into account.] ________________________ 1. Inserted by the Supreme Court Judges (Conditions of Service) Amendment Act, 1971 (77 of 1971), S. 5 (15-1-1972).
View Complete Act List Judgments citing this sectionEMPLOYEE'S COMPENSATION ACT, 1923 Section 7
Title: Commutation of half-monthly payments
State: Central
Year: 1923
Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the Commissioner, be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the Commissioner, as the case may be.
View Complete Act List Judgments citing this sectionPresidency Small Cause Courts Act, 1882 Section 73
Title: Repayment of Half Fees on Settlement Before Hearing
State: Central
Year: 1882
{In its application to the Court of Small Causes of Calcutta, a different section has been substituted for this section by Ben.Act 8 of 1934, section 4.} Whenever any such suit or proceeding is settled by agreement of the parties before the hearing, half the amount of all fees paid up to that time shall be repaid by the Small Cause Court to the parties by whom the same have been respectively paid.
View Complete Act List Judgments citing this sectionWeekly Holidays Act, 1942 Section 5
Title: Additional Half Day Closing or Holiday
State: Central
Year: 1942
.....and in respect of theatres and restaurants or anyspecified class of either or both, that every person employed therein otherwisethan in a confidential capacity or in a position of management shall be allowedin each week an additional holiday of one-half day commencing at such hour inthe afternoon as may be fixed by the 1 [State]Government. (2)The 1 [State] Government may, for the purposes of thissection, fix different hours for different shops or different classes of shopsor for different areas or for different times of the year. (3)The weekly day on which a shop is closed in pursuance of a requirement under sub-section(1) shall be specified by the shop-keeper in a notice permanentlyexhibited in a conspicuous place in the shop and shall not be altered by theshop-keeper more often than once in three months. ______________________ 1. Substituted by theAdaptation of Laws Order, 1950 for "Provincial".
View Complete Act List Judgments citing this section- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial