9911796707
TMI BlogAmendment of section 80-IBX X X X Extracts X X X X X X X X Extracts X X X X ..... on to an undertaking shall be hundred per cent. of the profits for a period of seven consecutive assessment years, including the initial assessment year, if such undertaking fulfils any of the following, namely:— (i) is located in North-Eastern Region and has begun or begins commercial production of mineral oil before the 1st day of April, 1997; (ii) is located in any part of India and has begun o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... day of October, 1998", the words, figures and letters "but not later than the 31st day of March, 2012" shall be inserted; (B) after clause (iii), the following clause shall be inserted with effect from the 1st day of April, 2010, namely:— '(iv) is engaged in commercial production of natural gas in blocks licensed under the VIII Round of bidding for award of exploration contracts (hereafter referre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be substituted with effect from the 1st day of April, 2010; (iii) after clause (d), the following clauses shall be inserted with effect from the 1st day of April, 2010, namely:—'. "(e) not more than one residential unit in the housing project is allotted to any person not being an individual; and (f) in a case where a residential unit in the housing project is allotted to a person being an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g the Central or State Government).". (d) in sub-section (11A), with effect from the 1st day of April, 2010,— (i) after the words "vegetables or", the following words shall be inserted, namely:— "meat and meat products or poultry or marine or dairy products or"; (ii) the following proviso shall be inserted, namely:— "Provided that the provisions of this section shall not apply to an undertaking en ..... X X X X Extracts X X X X X X X X Extracts X X X X
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