{"act":{"id":"finance-act-2006","short_title":"The Finance Act, 2006","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2006-2007.","act_number":null,"act_year":2006,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":66,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2006/"},"unit":"section","section":{"number":"18","heading":"Amendment of section 80-IA","text":"Amendment of section 80-IA. 18. In section 80-IA of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2007,— (a ) in clause (iii), after the proviso, the following proviso shall be inserted, namely:— ‘ Provided further that in the case of any undertaking which develops, develops and operates or maintains and operates an industrial park, the provisions of this clause shall have effect as if for the figures, letters and words \"31st day of March, 2006\", the figures, letters and words \"31st day of March, 2009\" had been substituted;’; (b ) in clause (iv),— (i) in sub-clause (a), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted; (ii) in sub-clause (b), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted; (iii) in sub-clause (c), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80-IA.</b></p><p><b>18. </b>In section 80-IA of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2007,—</p><p>(<i>a</i> ) in clause (<i>iii</i>), after the proviso, the following proviso shall be inserted, namely:—</p><p>‘ <b>Provided further </b>that in the case of any undertaking which develops, develops and operates or maintains and operates an industrial park, the provisions of this clause shall have effect as if for the figures, letters and words \"31st day of March, 2006\", the figures, letters and words \"31st day of March, 2009\" had been substituted;’;</p><p>(<i>b</i> ) in clause (<i>iv</i>),—</p><p>(<i>i</i>) in sub-clause (<i>a</i>), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted;</p><p>(<i>ii</i>) in sub-clause (<i>b</i>), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted;</p><p>(<i>iii</i>) in sub-clause (<i>c</i>), for the words, figures and letters \"the 31st day of March, 2006\", the words, figures and letters \"the 31st day of March, 2010\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":196,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2006/section/18/","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."}