Amendment of section 10B
Section 7 of the Finance Act, 1994 deals with amendment of section 10B. Amendment of section 10B 7. In section 10B of the Income-tax Act, — (a) in sub-section (2), after clause (i), the following clause shall be inserted, with effect from the 1st day of April, 1995, namely:— (ia) in relation to an undertaking which begins to manufacture or produce any article or thing o The Act was enacted on 13 May 1994.
Amendment of section 10B
7. In section 10B of the Income-tax Act, —
(a) in sub-section (2), after clause (i), the following clause shall be inserted, with effect from the 1st day of April, 1995, namely:—
(ia) in relation to an undertaking which begins to manufacture or produce any article or thing on or after the 1st day of April, 1994, its exports of such articles and things are not less than seventy-five per cent. of the total sales thereof during the previous year;";
(b) in the Explanation occurring at the end, after clause (iii), the following clause shall be inserted, namely:—
(iv) "produce", in relation to any article or thing referred to in clause (1) of sub-section (2) includes production of computer programmes.'.
[Finance Act, 1994]
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Section 7, The Finance Act, 1994 (Act 32 of 1994).
Cross-references
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Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 7
What does Section 7 of the Finance Act deal with?
Section 7 of the Finance Act is headed "Amendment of section 10B". Amendment of section 10B 7. In section 10B of the Income-tax Act, — (a) in sub-section (2), after clause (i), the following clause shall be inserted, with effect from the 1st day of April, 1995, namely:— (ia) in relation to an undertaking which begins to manufacture or produce any article or thing o
How do I find court cases under Section 7 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1994 7, section 7 Finance Act 1994, section 7 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 7 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 10B (Special provisions in respect of newly established hundred per cent export-oriented undertakings), so none of them can safely be read on its own. One instrument names it without being made under it, most recently finance_act_2017 (2017).
When was Section 7 of the Finance Act enacted?
Section 7 of the Finance Act, cited as Finance Act 1994 7, was enacted on 13 May 1994 as Act 32 of 1994. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5507 words
- 2. Income-tax2077 words
- 16. Insertion of new sections 44AD and 44AE987 words
- 32. Amendment of section 115A828 words
- 45. Amendment of section 234C587 words
- 6. Amendment of section 10557 words
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