Amendment of section 115BAB.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 0JJAA , the words, figures and letters Chapter VI-A other than the provisions of section 80JJAA or section 80M shall be substituted; ( ii ) after clause (c ), the following Explanation shall be inserted, namely: ' Explanation . For the purposes of clause (b ), the business of manufacture or production of any article or thing shall include the business of generation of electricity.'. - Clau .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... id section are satisfied. Sub-section (2) of said section specifies the conditions which a domestic company needs to satisfy to be eligible to be taxed at the rate of fifteen per cent. It is proposed to insert an Explanation to the said sub-section (2) so as to provide that manufacturing or production of an article or thing for the purposes of clause (b) of the said sub-section shall include the b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X