{"act":{"id":"finance-act-2001","short_title":"The Finance Act, 2001","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2001-2002.","act_number":null,"act_year":2001,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2001/"},"unit":"section","section":{"number":"35","heading":"Amendment of section 72A","text":"Amendment of section 72A. 35. In section 72A of the Income-tax Act, in sub-section (7), after clause (a), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2000, namely:— ‘(aa)\"industrial undertaking\" means any undertaking which is engaged in— (i) the manufacture or processing of goods; or (ii) the manufacture of computer software; or (iii) the business of generation or distribution of electricity or any other form of power; or (iv) mining; or (v) the construction of ships, aircrafts or rail systems;’. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 72A.</b></p><p><b>35.</b> In section 72A of the Income-tax Act, in sub-section (7), after clause (<i>a</i>), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2000, namely:—</p><p>‘(<i>aa</i>)\"industrial undertaking\" means any undertaking which is engaged in—</p><p>(<i>i</i>) the manufacture or processing of goods; or</p><p>(<i>ii</i>) the manufacture of computer software; or</p><p>(<i>iii</i>) the business of generation or distribution of electricity or any other form of power; or</p><p>(<i>iv</i>) mining; or</p><p>(<i>v</i>) the construction of ships, aircrafts or rail systems;’.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":100,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2001/section/35/","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."}