Title : Amendment of Section 115w
State : Central
Year : 2005
In section 115W of the Income-tax Act, in clause (a), with effect from the 1st day of April, 2006 -- (a) for sub-clause (iii), the following sub-clause shall be substituted, namely:-- "(iii) an association of persons or a body of individuals, whether incorporated or not;"; (b) after sub-clause (v), the following proviso shall be inserted, namely:-- "Provided that any person eligible for exemption under clause (23C) of section 10 or registered under section 12AA or a political party registered under section 29A of the Representation of the People Act, 1951(43 of 1951) shall not be deemed to be an employer for the purposes of this Chapter;". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 2001
In section 2 of the Finance Act, 2000 (10 of 2000.) (hereinafter referred to as the principal Act),-- (a) in sub-section (4),-- (i) In clause (a), for the words "ten per cent.", the words "twelve per cent." shall be substituted; (ii) In clause (b), for the words "eleven per cent.", the words "thirteen per cent." shall be substituted; (b) In sub-section (6),-- (i) In clause (a), for the words "ten per cent." the words "twelve per cent." shall be substituted; (ii) In clause (b), for the words "eleven per cent." the words "thirteen per cent." shall be substituted; (c) In sub-section (7),-- (i) In clause (a), for the words "ten per cent'' the words "twelve percent." shall be" substituted; (ii) In clause (6), for the words "eleven per cent'-'', the words "thirteen per..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2001
In section 10 of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act), in clause (23C), after the eighth proviso, the following proviso snail be inserted, namely:-- "Provided also that any amount of donation received by the fund 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 : Substitution of New Section for Section 6
State : Central
Year : 2007
For section 6 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) [hereafter in this Chapter referred to as the State Bank of India (Subsidiary Banks) Act], the following section shall be substituted, namely:-- "6. Authorised caption of new bank-(1) Subject to the provisions of this Act, the authorised capital of every new bank shall be rupees five hundred crores. (2) The authorised capital of every new bank shall be divided into shares of one hundred rupees each or of such denomination as the new bank may, with the approval of the State Bank, decide. (3) Every new bank may issue the certificates of shares of equivalent values of such denomination as the new bank may, decide, with the approval of the State Bank, in accordance with the procedure as may be..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 139
State : Central
Year : 2006
In section 139 of the Income-tax Act, with effect from the 1st day of April, 2006, -- (a) in sub-section (4C), in clause (e),-- (i) for the word, brackets and figures "sub-clause (vi)", the words, brackets, figures and letters "sub-clause (iiiad) or sub-clause (vi)" shall be substituted; (ii) for the word, brackets, figures and letter "sub-clause (via)", the words, brackets, figures' and letters "sub-clause (iiiae) or sub-clause (via)" shall be substituted; (b) after sub-section (4C), the following sub-section shall be inserted, namely:-- "(4D) Every university, college or other institution referred to in clause (ii) and clause (iii) of sub-section (1) of section 35, which is not required to furnish return of income or loss under any other provision of this section, shall..... View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 288b. Rounding off Amount Payable and Refund Due
State : Central
Year : 2006
In Income-tax Act, for section 288B, the following section shall be substituted, namely:-- "288B. Any amount payable, and the amount of refund due, under the provisions of this Act shall be rounded off to the nearest multiple of ten rupees and for this purpose any part of a rupee consisting of paise shall be ignored and thereafter if such amount is not a multiple often, then, if the last figure in that amount is five or more, the amount shall be increased to the next higher amount which is a multiple often and if the last figure is less than five, the amount shall be reduced to the next lower amount which is a multiple often". View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 28ba
State : Central
Year : 2006
After section 28B of the Customs Act, the following section shall be inserted, namely:-- "28BA Provisional attachment to protect revenue in certain cases. (1) Where, during the pendency of any proceeding under section 28 or section 28B, the proper officer is of the opinion that for the purpose of protecting the interests of revenue, it is necessary so to do, he may, with the previous approval of the Commissioner of Customs, by order in writing, attach provisionally any property belonging to the person on whom notice is served under sub-section (1) of section 28 or sub-section (2) of section 28B, as the case may be, in accordance with the rules made in this behalf under section 142. (2) Every such provisional attachment shall cease to have effect after the expiry of a period of six..... View Complete Act List Judgments citing this sectionTitle : Amendment of Rule 16 of the Central Excise Rules, 2002
State : Central
Year : 2006
(1) In the Central Excise Rules, 2002, made by the Central Government in exercise of the powers conferred by section 37 of the Central Excise Act, rule 16 thereof as published in the Official Gazette vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. G.S.R. 143(E), dated the 1st March, 2002 shall stand amended and shall be deemed to have been amended retrospectively in the manner as specified in column (2) of the Schedule for the period specified in column (3) of that Schedule against the rule specified in column (1) of that Schedule. (2) Notwithstanding anything contained in any judgment, decree or order of any court, tribunal or other authority, any action taken or anything done or purported to have been taken or done, at any time..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 2000
In section 2 of (he Finance Act, 2000 (hereinafter referred to as the principal Act),-- (a) In sub-section (4), in clause (b), for the words "ten percent", the words "eleven per cent." shall be substituted; (b) In sob-section (6), in clause (b), for the words "ten percent", the words "eleven per cent." shall be substituted; (c) In sub-section (7), in clause (b) for the words "ten percent", the words "eleven per cent." shall be substituted; (d) In sub-section (8), in the third proviso, in clause (b), for the words "ten percent", the words "eleven percent" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2005
In section 10 of the Income-tax Act, 1961(43 of 1961) (hereafter in this Chapter referred to as the Income-tax Act), with effect from the 1st day of April, 2006,-- (a) in clause (6BB), for the words, figures and letters "or entered into after the 30th day of September, 2005 and approved by the Central Government in this behalf, the words, figures and letters "or entered into after the 31st day of March, 2006 and approved by the Central Government in this behalf shall be substituted; (b) in clause (15A), in the proviso, for the words, figures and letters "the 1st day of October, 2005", the words, figures and letters "the 1st day of April, 2006" shall be substituted; (c) after clause (38), the following clauses shall be inserted, namely:-- '(39) any specified income, arising from..... View Complete Act List Judgments citing this section