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Start Free TrialFinance Act, 1986 Section 6
Title: Amendment of Section 24
State: Central
Year: 1986
In section 24 of the Income-tax Act, for sub-section (2), the following sub-sections shall be substituted with effect from the 1st day of April, 1987, namely :- "(2) No deduction shall be allowed under sub-section (1) in respect of property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2), or sub-section (3), of section 23 : Provided that nothing in this sub-section shall apply to the allowance of a deduction under clause (vi) of sub-section (1) of an amount not exceeding five thousand rupees in respect of the property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2) of section 23. (3) The total amount deductible under sub-section (1) in respect of property of the nature referred to in sub-clause (ii) of clause (a) of sub-section (2) of section 23 shall not exceed the annual value of the property as determined under that section."
View Complete Act List Judgments citing this sectionResearch and Development Cess Act, 1986 Section 6
Title: Application of Fund (Omitted)
State: Central
Year: 1986
1[Omitted] ___________________________ 1.Omitted by Research and Development Cess (Amendment) Act, 1995 for the following: "6. Application of Fund The Fund shall be applied by the Development Bank to meet the expenditure incurred in connection with the measures and facilities which, in the opinion of the Development Bank, are necessary or expedient to provide equity capital or any other form of financial assistance to industrial concerns attempting commercial applications of indigenous technology or adapting imported technology to wider domestic applications."
View Complete Act List Judgments citing this sectionConsumer Protection Act, 1986 Section 6
Title: Objects of the Central Council
State: Central
Year: 1986
The objects of the Central Council shall be to promote and protect the rights of the consumers such as,-- (a) the right to be protected against the marketing of goods1[and services] which are hazardous to life and property; (b) the right to be informed about the quality, quantity, potency, purity, standard and price of goods1[or services, as the case may be] so as to protect the consumer against unfair trade practices; (c) the right to be assured, wherever possible, access to a variety of goods1[and services] at competitive prices; (d) the right to be heard and to be assured that consumer's interests will receive due consideration at appropriate fora; (e) the right to seek redressal against unfair trade practices1for restrictive trade practices] or unscrupulous exploitation of consumers; and (f) the right to consumer education. _______________________ 1. Inserted by Act 50 of 1993, section 5 (w.r.e.f. 18-6-1993).
View Complete Act List Judgments citing this sectionSwadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986 Chapter VI
Title: Commissioner of Payments
State: Central
Year: 1986
.....S.O. 265(E), dated the 13th April, 1978, issued under clause (a) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951. Section 18 - Claims to be made to the Commissioner Every person having a claim against the Company in relation to the textile undertakings with regard to any of the matters specified in the Schedule shall prefer such claim before the Commissioner within thirty days from the specified date : Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring the claim within the said period of thirty days, he may entertain the claim within a further period of thirty days, but not thereafter. Section 19 - Priorities of claims The claims arising out of matters specified in the Schedule shall have priorities in accordance with the following principles namely : (a) Category I shall have precedence over all other categories and Category II shall have precedence over Category III and so on; (b) the claims specified in each of the categories, shall rank equally and be paid in full, but, if the amount is insufficient to meet such claims in full, they shall abate in equal.....
View Complete Act List Judgments citing this sectionShipping Development Fund Committee (Abolition) Act, 1986 Section 6
Title: Moneys, Etc., of the Committee to Be Credited to the Consolidated Fund of India
State: Central
Year: 1986
On the appointed day, all moneys and cash balances lying in the credit of the Committee shall become part of, and be credited to, the Consolidated Fund of India.
View Complete Act List Judgments citing this sectionState of Arunachal Pradesh Act, 1986 Section 6
Title: Allocation of Sitting Member
State: Central
Year: 1986
(1) On and from the appointed day, the sitting member of the Council of States representing the existing Union territory of Arunachal Pradesh shall be deemed to have been duly elected under clause (4) of article 80 to fill the seat allotted to the State of Arunachal Pradesh in that Council. (2) The term of office of such sitting member shall remain unaltered.
View Complete Act List Judgments citing this sectionDock Workers (Safety, Health and Welfare) Act, 1986 Section 6
Title: Facilities to Be Afforded to an Inspector
State: Central
Year: 1986
The owner or the person in charge of the place at which any dock work is being carried on, shall afford the Chief Inspector or the Inspector all reasonable facilities for making any entry, inspection, survey, measurement, examination or inquiry under this Act or the regulations.
View Complete Act List Judgments citing this sectionState of Mizoram Act, 1986 Section 6
Title: Allocation of Sitting Member
State: Central
Year: 1986
(1) On and from the appointed day, the sitting member of the Council of States representing the existing Union territory of Mizoram shall be deemed to have been duly elected under Clause (4) of Article 80 to fill the seat allotted to the State of Mizoram in that Council. (2) The term of office of such sitting member shall remain unaltered.
View Complete Act List Judgments citing this sectionSpices Board Act, 1986 Section 6
Title: Transfer of Assets and Liabilities of the Cardamom Board and the Spices Export Promotion Council to the Board
State: Central
Year: 1986
.....hold his office or service under the Board with the same rights and privileges as to pension, gratuity and other matters as would have been admissible to him if there had been no such vesting; and shall continue to do unless and until his employment under the Board is duly terminated or until his remuneration and other conditions of service are duly altered by the Board. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947 or in any other law for the time being in force, the absorption of any employee by the Board in its regular service under this section shall not entitle such employee to any compensation under that Act or other law and no such claim shall be entertained by any Court, tribunal or other authority.
View Complete Act List Judgments citing this sectionDelhi Apartment Ownership Act, 1986 Section 6
Title: Ownership of Apartment Subject to Conditions
State: Central
Year: 1986
Where any allotment, sale or other transfer of any apartment has been made, whether before or after the commencement of this Act, in pursuance of any promise of payment, or part payment, of the consideration thereof, the allottee or transferee, as the case may be, shall not become entitled to the ownership and possession of that apartment on to a percentage of undivided interest in the common areas and facilities apurtenant to such apartment, until full payment has been made of the consideration thereof together with interest, if any due thereon, and where any such allottee or transferee has been inducted into the possession of such apartment or any part thereof in pursuance of such allotment or transfer, he shall, until the full payment of the consideration has been made, continue to remain in possession thereof on the same terms and conditions on which he was so inducted into possession of such apartment of part thereof.
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