{"act":{"id":"finance-act-2003","short_title":"The Finance Act, 2003","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2003-2004.","act_number":null,"act_year":2003,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":108,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2003/"},"unit":"section","section":{"number":"39","heading":"Amendment of section 80-IB","text":"Amendment of section 80-IB. 39. In section 80-IB of the In­come-tax Act,— (a ) in sub-section (4), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2004, namely :— \"Provided also that no deduction under this sub-section shall be allowed for the assessment year beginning on the 1st day of April, 2004 or any subsequent year to any undertaking or enter­prise referred to in sub-section (2) of section 80-IC.\"; (b ) in sub-section (8A), in clause (iii), for the figures, letters and words \"1st day of April, 2003\", the figures, letters and words \"1st day of April, 2004\" shall be substituted with effect from the 1st day of April, 2004; (c ) in sub-section (10), with effect from the 1st day of April, 2002,— (i) in the opening portion, for the figures, letters and words \"31st day of March, 2001\", the figures, letters and words \"31st day of March, 2005\" shall be substituted and shall be deemed to have been substituted; (ii) in clause (a), the words, figures and letters \"and completes the same before the 31st day of March, 2003\" shall be omitted and shall be deemed to have been omitted; (d ) in sub-section (11), for the figures, letters and words \"31st day of March, 2003\", the figures, letters and words \"1st day of April, 2004\" shall be substituted with effect from the 1st day of April, 2004. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80-IB.</b></p><p><b>39. </b>In section 80-IB of the In­come-tax Act,—</p><p>(<i>a</i> ) in sub-section (4), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2004, namely :—</p><p><i> </i> \"<b>Provided also</b> that no deduction under this sub-section shall be allowed for the assessment year beginning on the 1st day of April, 2004 or any subsequent year to any undertaking or enter­prise referred to in sub-section (2) of section 80-IC.\";</p><p>(<i>b</i> ) in sub-section (8A), in clause (<i>iii</i>), for the figures, letters and words \"1st day of April, 2003\", the figures, letters and words \"1st day of April, 2004\" shall be substituted with effect from the 1st day of April, 2004;</p><p>(<i>c</i> ) in sub-section (10), with effect from the 1st day of April, 2002,—</p><p>(<i>i</i>) in the opening portion, for the figures, letters and words \"31st day of March, 2001\", the figures, letters and words \"31st day of March, 2005\" shall be substituted and shall be deemed to have been substituted;</p><p>(<i>ii</i>) in clause (<i>a</i>), the words, figures and letters \"and completes the same before the 31st day of March, 2003\" shall be omitted and shall be deemed to have been omitted;</p><p>(<i>d</i> ) in sub-section (11), for the figures, letters and words \"31st day of March, 2003\", the figures, letters and words \"1st day of April, 2004\" shall be substituted with effect from the 1st day of April, 2004.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":245,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2003/section/39/","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."}