Title : Amendment of Section 12
State : Central
Year : 2001
In section 12 of the Income-tax Act, after sub-section (2) and the Explanation thereto, the following sub-section shall be inserted, namely: -- "(3) Notwithstanding anything contained in section 11, any amount of donation received by the trust or institution in terms of clause (d) of sub-section (2) of section 80G which has been utilised for purposes other than providing relief to the victims of earthquake in Gujarat or which remains unutilised in terms of sub-section (5C) of section 80G and not transferred to the Prime Minister's National Relief Fund on or before the 31st day of March, 2002 shall be deemed to be the income of the previous year and shall accordingly be charged to tax,". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80g
State : Central
Year : 2001
In section 80G of the Income-tax Act, -- (a) In sub-section (1), in clause (i), -- (i) After the words, brackets, figures and letter "or in sub-clause (iiig)", the words, brackets, figures and letters "or in sub-clause (iiiga)" shall be inserted; (ii) After the words, brackets and letter "or in clause (c)", the words, brackets and letter "or in clause (d)" shall be inserted; (b) In sub-section (2),-- (i) In clause (a), after sub-clause (iiig), the following sub-clause shall be inserted, namely: -- "(iiiga) any fund set up by the Slate Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat;"; (ii) After clause (c), the following clause shall be inserted, namely: -- "(d) Any sums paid by the assessee, during the period beginning on..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 25
State : Central
Year : 2007
In section 25 of the State Bank of India (Subsidiary Banks) Act,-- (i) in sub-section (1)-- (a) for clause (a), the following clause shall be substituted, namely:-- "(a) the Chairman for the time being of the State Bank, ex officio or an official of the State Bank or of the subsidiary bank nominated by him as Chairman, with the approval of the Reserve Bank;"; (b) for clause (b), the following clause shall be substituted, namely:-- "(b) one director, possessing necessary expertise and experience in the matters relating to regulation or supervision of commercial banks, to be nominated by the Reserve Bank;"; (c) for clause (d), the following clause shall be substituted, namely:-- "(d) not more than three directors to be elected in the following manner, namely:-- (i) if the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 27
State : Central
Year : 2007
In section 27 of the State Bank of India (Subsidiary Banks) Act, in sub-section (5), in clause (a), for the words and figures "Banking Companies Act, 1949", the words and figures "Banking Regulation Act, 1949" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 38
State : Central
Year : 2007
In section 38 of the State Bank of India (Subsidiary Banks) Act, in sub-section (10), in clause (a), for the words and figures "Banking Companies Act, 1949", the words and figures "Banking Regulation Act, 1949" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 48
State : Central
Year : 2007
In section 48 of the State Bank pf India (Subsidiary Banks) Act, in sub-section (2), for the words and figures "Indian Income-tax Act, 1922 (11 of 1922)", the words and figures "Income tax-Act, 1961 (43 of 1961)" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 55
State : Central
Year : 2007
In section 55 of the State Bank of India (Subsidiary Banks) Act, for the words "Banking Companies Act", the words "Banking Regulation Act" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 56
State : Central
Year : 2006
In section 56 of the Income-tax Act, in sub-section (2),-- (a) in clause (v), -- (i) after the words, letters and figures "after the 1st day of September, 2004", the words, letters and figures "but before the 1st day of April, 2006" shall be inserted with effect from the 1st day of April, 2006; (ii) in the proviso, after clause (d), the following clauses shall be inserted, 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."; (b) after clause (v) and the Explanation,..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 28
State : Central
Year : 2006
In section 28 of the Customs Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:- "(1A) When any duty has not been levied or has been short-levied or the interest has not been charged or has been part paid or the duty or interest has been erroneously refunded by reason of collusion or any wilful misstatement or suppression of facts by the importer or the exporter or the agent or employee of the importer or exporter, to whom a notice is served under the proviso to sub-section (1) by the proper officer, may pay duty in full or in part as may be accepted by him, and the interest payable thereon under section 28AB and penalty equal to twenty-five per cent. of the duty specified in the notice or the duty so accepted by such person within thirty days of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 104
State : Central
Year : 2006
In section 104 of the Customs Act, for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) If an officer of customs empowered in this behalf by general or special order of the Commissioner of Customs has reason to believe that any person in India or within the Indian customs waters has committed an offence punishable under section 132 or section 133 or section 135 or section 135A or section 136, he may arrest such person and shall, as soon as may be, inform him of the grounds for such arrest.". View Complete Act List Judgments citing this section