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TMI BlogInterpretation.X X X X Extracts X X X X X X X X Extracts X X X X ..... 402(7); (4) "commodity derivative" shall have the same meaning as assigned to it in Chapter VII of the Finance Act, 2013 (17 of 2013); (5) "commodities transaction tax" shall have the same meaning as assigned to it under Chapter VII of the Finance Act, 2013 (17 of 2013); (6) "fees for technical services" shall have the meaning assigned to it in section 9(7)(b); (7) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (8) "Indian Institute of Technology" shall have the same meaning as that of "Institute" defined in section 3(g) of the Institutes of Technology ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... establishment" shall have the meaning assigned to it in section 173(c); (19) "plant" includes ships, vehicles, books, scientific apparatus and surgical equipment used for the business or profession but does not include tea bushes or livestock or buildings or furniture and fittings; (20) "predecessor entity" means-- (a) the amalgamating Indian company in the case of amalgamation; (b) the demerged Indian company, in the case of demerger; (c) a firm, in the case of a succession of a firm by a company as referred to in section 70(1)(zd); (d) a private company or unlisted public company, in case of conversion as referred to in section 70(1)(ze); (e) a sole proprietary concern, in the case of succession of sole proprietorship concern ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s a branch of a scheduled bank or a non-scheduled bank situated in a place which has a population of not more than ten thousand according to the last preceding census, of which the relevant figures have been published before the first day of the tax year; (31) "scientific research" means- (a) any activity for the extension of knowledge in the fields of natural or applied science including agriculture, animal husbandry or fisheries; and (b) the references to expenditure incurred on scientific research shall include all expenditure incurred for the prosecution, or the provision of facilities for the prosecution, of scientific research, but does not include any expenditure incurred in the acquisition of rights in, or arising out of, scien ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tled otherwise than by the actual delivery or transfer of the commodity or scrips, other than the following transactions:- (a) a specified derivative transaction as defined in clause (37); (b) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchandising business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured, or merchandise sold by him; (c) a contract in respect of stocks and shares entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shares through price fluctuations; (d) a contract entered into by a member of a forward market or a stock exch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... directors or to control the management or policy decisions, directly or indirectly, including by virtue of its shareholding or management rights or shareholders agreements or voting agreements or in any other manner; (e) an authority, a board or an institution or a body established or constituted by or under any State Act, or owned or controlled by the State Government; (39) "State Industrial Investment Corporation" means a Government company within the meaning of section 2(45) of the Companies Act, 2013 (18 of 2013), engaged in the business of providing long-term finance for industrial projects; (40) "State Financial Corporation" means a Financial Corporation established under section 3 or 3A or an institution notified under section 46 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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