{"act":{"id":"finance-act-2010","short_title":"The Finance Act, 2010","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2010-2011.","act_number":null,"act_year":2010,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":60,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2010/"},"unit":"section","section":{"number":"11","heading":"Amendment of section 35DDA","text":"Amendment of section 35DDA. 11. In section 35DDA of the Income-tax Act, with effect from the 1st day of April, 2011,— (a ) after sub-section (4), the following sub-section shall be inserted, namely:— \"(4A) Where there has been reorganisation of business, whereby a private company or unlisted public company is succeeded by a limited liability partnership fulfilling the conditions laid down in the proviso to clause (xiiib) of section 47, the provisions of this section shall, as far as may be, apply to the successor limited liability partnership, as they would have applied to the said company, if reorganisation of business had not taken place.\"; (b ) in sub-section (5), for the words, brackets and figures \"sub-section (3) and in the case of a firm or proprietary concern referred to in sub-section (4)\", the words, brackets, figures and letter \"sub-section (3), in the case of a firm or proprietary concern referred to in sub-section (4) and in the case of a company referred to in sub-section (4A)\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 35DDA.</b></p><p><b>11.</b> In section 35DDA of the Income-tax Act, with effect from the 1st day of April, 2011,—</p><p>(<i>a</i> ) after sub-section (4), the following sub-section shall be inserted, namely:—</p><p>\"(4A) Where there has been reorganisation of business, whereby a private company or unlisted public company is succeeded by a limited liability partnership fulfilling the conditions laid down in the proviso to clause (<i>xiiib</i>) of section 47, the provisions of this section shall, as far as may be, apply to the successor limited liability partnership, as they would have applied to the said company, if reorganisation of business had not taken place.\";</p><p>(<i>b</i> ) in sub-section (5), for the words, brackets and figures \"sub-section (3) and in the case of a firm or proprietary concern referred to in sub-section (4)\", the words, brackets, figures and letter \"sub-section (3), in the case of a firm or proprietary concern referred to in sub-section (4) and in the case of a company referred to in sub-section (4A)\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":176,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2010/section/11/","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."}