Title : Amendment of Section 22a
State : Central
Year : 2007
In section 22A of the Wealth-tax Act, with effect from the 1st day of June, 2007,-- (a) for clause (b), the following shall be substituted, namely:-- '(b) "case" means any proceeding for assessment under this Act, of any person in respect of any assessment year or assessment years which may be pending before an Assessing Officer on the date on which an application under sub-section (1) of section 22C is made: Provided that-- (i) a proceeding for assessment or reassessment under section 17; (ii) a proceeding for making fresh assessment in pursuance of an order under section 23A or section 24 or section 25, setting aside or cancelling an assessment; (iii) a proceeding for assessment or reassessment which may be initiated on the basis of a search under section 37A or..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 75a
State : Central
Year : 2007
In section 75 A of the Customs Act, for sub-section (2), the following sub-section shall be substituted, namely:-- "(2) Where any drawback has been paid to the claimant erroneously or it becomes otherwise recoverable under this Act or the rules made thereunder, the claimant shall, within a period of two months from the date of demand, pay in addition to the said amount of drawback, interest at the rate fixed under section 28AB and the amount of interest shall be calculated for the period beginning from the date of payment of such drawback to the claimant till the date of recovery of such drawback.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 127b
State : Central
Year : 2007
In section 127B of the Customs Act, with effect from the 1st day of June, 2007, for sub-section (1), the following sub-sections shall be substituted, namely:-- "(1) Any importer, exporter or any other person (hereinafter referred to as the applicant in this Chapter) 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 specified by rules, and containing a full and true disclosure of his duty liability which has not been disclosed before the proper officer, the manner in which such liability has been incurred, the additional amount of customs duty accepted to be payable by him and such other particulars as may be specified by rules including the particulars of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 3
State : Central
Year : 2007
In section 3 of the Central Excise Act, 1944(1 of 1944) (hereinafter referred to as the Central Excise Act), in sub-section (1),-- (i) in the proviso, clause (i) shall be omitted; (ii) in Explanation 2 ,-- (a) clause (i) shall be omitted; (b) for clause (iii), the following clause shall be substituted, namely:-- '(iii) "Special Economic Zone" has the meaning assigned to it in clause (za) of section 2 of the Special Economic Zones Act, 2005(28 of 2005).'. View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 32f
State : Central
Year : 2007
For section 32F of the Central Excise Act, with effect from the 1st day of June, 2007, the following section shall be substituted, namely:-- "32F. Procedure on receipt of an application under section 32E.-- (1) On receipt of an application under sub-section (1) of section 32E, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant to explain in writing as to why the application made by him should be allowed to be proceeded with, and after taking into consideration the explanation provided by the applicant, the Settlement Commission, shall, within a period of fourteen days from the date of the notice, by an order, allow the application to be proceeded with, or reject the application as the case may be, and the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Act 32 of 1994
State : Central
Year : 2007
In the Finance Act, 1994 -- (A) in section 65, with effect from such date as the Central Government may, by notification in the Official Gazette, appoint1,-- (1) in clause (12),-- (a) in sub-clause (a),-- (i) for the words "or any other person", the words "or commercial concern" shall be substituted; (ii) in item (i), the following Explanation shall be inserted at the end, namely:-- 'Explanation.--For the purposes of this item, "financial leasing" means a lease transaction where-- (i) contract for lease is entered into between two parties for leasing of a specific asset; (ii) such contract is for use and occupation of the asset by the lessee; (iii) the lease payment is calculated so as to cover the full cost of the asset together with the interest charges; and (iv)..... View Complete Act List Judgments citing this sectionTitle : Fixed Charges and Agreements for Payment in Lieu of Taxes
State : Karnataka
Year : 1964
(1) A municipal council may, instead of imposing a water-rate or where a water-rate has been imposed, in individual cases, instead of levying a rate imposed in respect of the supply of water belonging to the municipal council to or for use in connection with, any private lands or buildings, -- (a) fix at rates not exceeding such as shall be specified in the rules in force under section 323, charges for such supply according to the quantity used, as ascertained by measurement; or (b) arrange with any person on his application to supply on payment, periodically or otherwise, water belonging to the municipal council in such quantities, or for such purposes (whether domestic, ornamental, or irrigational or for trade, manufacture or any other purpose), on such terms and subject to such..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 16
State : Central
Year : 2007
In section 16 of the principal Act, -- (a) for sub-section (1), the following sub-sections shall be substituted, namely: -- "(1) The Central Government may, by notification, appoint a Director General for the purposes of assisting the Commission in conducting inquiry into contravention of any of the provisions of this Act and for performing such other functions as are, or may be, provided by or under this Act. (1A) The number of other Additional, Joint, Deputy or Assistant Directors General or such officers or other employees in the office of Director General and the manner of appointment of such Additional, Joint, Deputy or Assistant Directors General or such officers or other employees shall be such as may be prescribed."; (b) in sub-section (2), for the words "such other..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 27
State : Central
Year : 2007
1[In section 27 of the principal Act,-- (i) in clause (b), for the proviso, the following proviso shall be substituted, namely:-- "Provided that in case any agreement referred to in section 3 has been entered into by a cartel, the Commission may impose upon each producer, seller, distributor, trader or service provider included in that cartel, a penalty of up to three times of its profit for each year of the continuance of such agreement or ten per cent, of its turnover for each year of the continuance of such agreement, whichever is higher."; (ii) clauses (c) and (f) shall be omitted; (iii) in clause (g), for the word "order", the words "order or issue such directions" shall be substituted; (iv) after clause (g), the following proviso shall be inserted, namely:-- "Provided..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 41
State : Central
Year : 2007
1[In section 41 of the principal Act, the following Explanation shall be inserted, namely:-- 'Explanation.-- For the purposes of this section,-- (a) the words "the Central Government" under section 240 of the Companies Act, 1956(1 of 1956) shall be construed as "the Commission"; (b) the word "Magistrate" under section 240A of the Companies Act, 1956(1 of 1956) shall be construed as "the Chief Metropolitan Magistrate, Delhi".'] __________________________ 1. Effective date 20th May 2009- notified vide Ministry of Corporate Affairs Notification No S.O.1242(E) dated 15.05.2009. View Complete Act List Judgments citing this section