{"act":{"id":"finance-act-1976","short_title":"The Finance Act, 1976","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1976-1977.","act_number":"66","act_year":1976,"enact_date":"1976-05-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":32,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1976/"},"unit":"section","section":{"number":"25","heading":"Amendmentof Ninth Schedule","text":"Amendmentof Ninth Schedule 25. In the Ninth Schedule to the Income-tax Act,— (a) for item 4, the following item shall be substituted, namely: — \"4. Steel castings and forgings and alloy, malleable and S. G. iron castings.\"; (b) after item 24 and before the Explanation, the following items shall be inserted, namely;— \"25. Carbon and graphite products. 26. Inorganie heavy chemicals (other than soda ash and caustic soda mentioned in items 12 and 13 respectively). 27. Organic heavy chemicals. 28. Synthetic rubber and rubber chemicals (including carbon black). 29. Industrial explosives. 30. Basic drugs. 31. Industrial sewing machines. 32. Finished leather and leather goods (including footwear made wholly or mainly of leather).\". [Finance Act, 1976] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendmentof Ninth Schedule</b></p><p><b>25.</b> In the Ninth Schedule to the Income-tax Act,—</p><p>(<i>a</i>) for item 4, the following item shall be substituted, namely: —</p><p>\"4. Steel castings and forgings and alloy, malleable and S. G. iron castings.\";</p><p>(<i>b</i>) after item 24 and before the <i>Explanation,</i> the following items shall be inserted, namely;—</p><p>\"25. Carbon and graphite products.</p><p>26. Inorganie heavy chemicals (other than soda ash and caustic soda mentioned in items 12 and 13 respectively).</p><p>27. Organic heavy chemicals.</p><p>28. Synthetic rubber and rubber chemicals (including carbon black).</p><p>29. Industrial explosives.</p><p>30. Basic drugs.</p><p>31. Industrial sewing machines.</p><p>32. Finished leather and leather goods (including footwear made wholly or mainly of leather).\".</p><p>[Finance Act, 1976]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":121,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1976/section/25/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}