{"act":{"id":"finance-act-2017","short_title":"The Finance Act, 2017","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.","act_number":null,"act_year":2017,"enact_date":"2017-04-17","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":198,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2017/"},"unit":"section","section":{"number":"72","heading":"Amendment of section 206C","text":"Amendment of section 206C. 72. In section 206C of the Income-tax Act,— (a) | sub-section (1D) shall be omitted; (b) | sub-section (1E) shall be omitted; (c) | in sub-sections (2), (3), (3A) and sub-section (9), the words, brackets, figure and letter \"or sub-section (1D)\" wherever they occur, shall be omitted; (d) | in sub-section (6A), in the first proviso, the words, brackets, figure and letter \", other than a person referred to in sub-section (1D),\" shall be omitted; (e) | in sub-section (7), in the proviso, the words, brackets, figure and letter \", other than a person referred to in sub-section (1D),\" shall be omitted; (f) | in the Explanation occurring after sub-section (11),— (A) | in clause (aa),— (I) | sub-clause (ii) shall be omitted; (II) | after sub-clause (ii), the following sub-clause shall be inserted, namely:— \"(iii) | sub-section (1F) means a person who obtains in any sale, goods of the nature specified in the said sub-section, but does not include,— (A) | the Central Government, a State Government and an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; or (B) | a local authority as defined in Explanation to clause (20) of section 10; or (C) | a public sector company which is engaged in the business of carrying passengers.\"; (B) | clause (ab) shall be omitted. (C) | in clause (c), for the words, brackets, figures and letters \"or sub-section (1D) are sold or services referred to in sub-section (1D) are provided\", the words \"are sold\" shall be substituted.","html":"<p><b> Amendment of section 206C.</b></p><p><b> 72.</b> In section 206C of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>sub-section (1D) shall be omitted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>sub-section (1E) shall be omitted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in sub-sections (2), (3), (3A) and sub-section (9), the words, brackets, figure and letter \"or sub-section (1D)\" wherever they occur, shall be omitted;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>in sub-section (6A), in the first proviso, the words, brackets, figure and letter \", other than a person referred to in sub-section (1D),\" shall be omitted;</td></tr><tr><td>(<i>e</i>)</td><td></td><td>in sub-section (7), in the proviso, the words, brackets, figure and letter \", other than a person referred to in sub-section (1D),\" shall be omitted;</td></tr><tr><td>(<i>f</i>)</td><td></td><td>in the <i>Explanation </i>occurring after sub-section (11),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>in clause (<i>aa</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>sub-clause (<i>ii</i>) shall be omitted;</td></tr><tr><td>(<i>II</i>)</td><td></td><td>after sub-clause (<i>ii</i>), the following sub-clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>iii</i>)</td><td></td><td>sub-section (1F) means a person who obtains in any sale, goods of the nature specified in the said sub-section, but does not include,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>the Central Government, a State Government and an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; or</td></tr><tr><td>(<i>B</i>)</td><td></td><td>a local authority as defined in <i>Explanation </i>to clause (<i>20</i>) of section 10; or</td></tr><tr><td>(<i>C</i>)</td><td></td><td>a public sector company which is engaged in the business of carrying passengers.\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>B</i>)</td><td></td><td>clause (<i>ab</i>) shall be omitted.</td></tr><tr><td>(<i>C</i>)</td><td></td><td>in clause (<i>c</i>), for the words, brackets, figures and letters \"or sub-section (1D) are sold or services referred to in sub-section (1D) are provided\", the words \"are sold\" shall be substituted.</td></tr></table></div>","words":261,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/72/","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."}