Title : Direct Taxes
State : Central
Year : 2006
In section 2 of the Income-tax Act, 1961 (43 of 1961) (hereafter in this Chapter referred to as the Income-tax Act), in clause (44), after the words "powers of a Tax Recovery Officer", the following shall be inserted, namely:-- "and also to exercise or perform such powers and functions which are conferred on, or assigned to, an Assessing Officer under this Act and which may be prescribed". Section 3 - Amendment of section 10 In section 10 of the Income-tax Act, with effect from the 1st day of April, 2006,-- (a) after clause (23BBE), the following clause shall be inserted, namely:-- "(23BBF) any income of the North-Eastern Development Finance Corporation Limited, being a company formed and registered under the Companies Act, 1956 (1 of 1956): Provided that in computing the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 7
State : Central
Year : 2007
In section 7 of the principal Act, in sub-section (2A), for the words, brackets and figures "clause (a) of sub-section (4) of section 8", the words, brackets and figures "sub-section (4) of section 8", shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 8
State : Central
Year : 2007
In section 8 of the principal Act,-- (a) for sub-sections (1) and (2), the following sub-sections shall be substituted, namely:-- "(1) Every dealer, who in the course of inter-State trade or commence, sells to a registered dealer goods of the description referred to in sub-section (3), shall be liable to pay tax under this Act, which shall be three per cent, of his turnover or at the rate applicable to the sale or purchase of such goods inside the appropriate State under the sales tax law of that State, whichever is lower: Provided that the Central Government may, by notification in the Official Gazette, reduce the rate of tax under this sub-section. (2) The tax payable by any dealer on his turnover in so far as the turnover or any part thereof relates to the sale of goods in..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 9
State : Central
Year : 2007
In section 9 of the principal Act, in sub-section (1), in the proviso, in clause (a), for the words, letter, brackets and figures "clause (a) of sub-section (4) of section 8", the words, brackets and figures "sub-section (4) of section 8" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2007
In section 10 of the principal Act, in clause (a), the words "certificate or" shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10a
State : Central
Year : 2007
In section 10A of the principal Act, in sub-section (2), in clause (a), for the words, letter, brackets and figures "clause (a) of sub-section (4) of section 8", the words, brackets and figures "sub-section (4) of section 8" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 14
State : Central
Year : 2007
In section 14 of the principal Act, clause (ix) shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of First Schedule
State : Central
Year : 2007
In the Additional Duties of Excise Act, in the First Schedule, headings 2401,2402 and 2403, and sub-headings and tariff items there under, and the entries relating thereto shall be omitted. View Complete Act List Judgments citing this sectionTitle : Omission of Second Schedule
State : Central
Year : 2007
In the Additional Duties of Excise Act, the Second Schedule shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 6
State : Central
Year : 2007
In the Central Sales Tax Act, 1956(74 of 1956) (hereinafter in this Chapter referred to as the principal Act), in section 6, for sub-section (2), the following sub-section shall be substituted, namely:-- "(2) Notwithstanding anything contained in sub-section (1) or sub-section (1A), where a sale of any goods in the course of inter-State trade or commerce has either occasioned the movement of such goods from one State to another or has been effected toy a transfer of documents of title to such goods during their movement from one State to another, any subsequent sale during such movement effected by a transfer of documents of title to such goods to a registered dealer, if the goods are of the description referred to in sub-section (3) of section 8, shall be exempt from tax under this..... View Complete Act List Judgments citing this section