Amendment of section 10B
Section 8 of the Finance Act, 2003 deals with amendment of section 10B. Amendment of section 10B. 8. In section 10B of the Income-tax Act,— (a ) in sub-section (6) with effect from the 1st day of April, 2001,— (A) in clause (i), after the words "relevant assessment years", the words, figures and letters "ending before the 1st day of April, " shall be inserted and shall
Amendment of section 10B.
8. In section 10B of the Income-tax Act,—
(a ) in sub-section (6) with effect from the 1st day of April, 2001,—
(A) in clause (i), after the words "relevant assessment years", the words, figures and letters "ending before the 1st day of April, 2001" shall be inserted and shall be deemed to have been inserted;
(B) in clause (ii), after the words "relevant assessment years", the words, figures and letters "ending before the 1st day of April, 2001" shall be inserted and shall be deemed to have been inserted;
(b ) after sub-section (7), the following sub-section shall be inserted with effect from the 1st day of April, 2004, namely :—
"(7A) Where any undertaking of an Indian company which is entitled to the deduction under this section is transferred, before the expiry of the period specified in this section, to another Indian company in a scheme of amalgamation or demerger—
(a) no deduction shall be admissible under this section to the amalgamating or the demerged company for the previous year in which the amalgamation or the demerger takes place; and
(b) the provisions of this section shall, as far as may be, apply to the amalgamated or resulting company as they would have applied to the amalgamating or the demerged company if the amalgamation or the demerger had not taken place.";
(c ) sub-sections (9) and (9A) shall be omitted with effect from the 1st day of April, 2004;
(d ) Explanation 1 shall be omitted with effect from the 1st day of April, 2004;
(e ) after Explanation 3, the following Explanation shall be inserted at the end, with effect from the 1st day of April, 2004, namely :—
‘ Explanation 4.—For the purposes of this section, "manufacture or produce" shall include the cutting and polishing of precious and semi-precious stones.’
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Section 8, The Finance Act, 2003.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 8
What does Section 8 of the Finance Act deal with?
Section 8 of the Finance Act is headed "Amendment of section 10B". Amendment of section 10B. 8. In section 10B of the Income-tax Act,— (a ) in sub-section (6) with effect from the 1st day of April, 2001,— (A) in clause (i), after the words "relevant assessment years", the words, figures and letters "ending before the 1st day of April, " shall be inserted and shall
How do I find court cases under Section 8 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 2003 8, section 8 Finance Act 2003, section 8 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 8 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.
When was the Finance Act enacted?
Finance Act was enacted in 2003. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5940 words
- 2. Income-tax2243 words
- 6. Amendment of section 101472 words
- 40. Insertion of new section 80-IC1270 words
- 99. Insertion of Thirteenth and Fourteenth Schedules1215 words
- 65. Insertion of new sections 153A, 153B and 153C977 words
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