9911796707
TMI BlogAmendment of section 10X X X X Extracts X X X X X X X X Extracts X X X X ..... m the 1st day of April, 1998; (d) in clause (15), with effect from the 1st day of April, 2000, - (i) in sub-clause (iv), the Explanation shall be numbered as Explanation 1 thereof and after Explanation 1, as so numbered, the following Explanation shall be inserted, namely :- 'Explanation 2. - For the purposes of this clause, the expression "interest" includes hedging transaction charges on account of currency fluctuation.'; (ii) after sub-clause (v), the following sub-clause shall be inserted, namely :- "(vi) interest on Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 notified by the Central Government;"; (e) in clause (15A), for the words, figures and letters "entered before the 1st day of April, 1997", th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ution or any hospital or other medical institution, as the case may be, as it thinks necessary in order to satisfy itself about the genuineness of the activities of the fund or trust or institution or any university or other educational institution or any hospital or other medical institution, as the case may be, and the Central Government or the prescribed authority, as the case may be, may also make such inquiries as it deems necessary in this behalf :"; (h) in clause (23D), for the words "any income of-", the words, figures and letter "subject to the provisions of Chapter XII-E, any income of-" shall be substituted with effect from the 1st day of April, 2000; (i) in clause (23F), after the second proviso and before the Explanation, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l company" means such company as has made investments by way of acquiring equity shares of venture capital undertakings in accordance with the prescribed guidelines; and (c) "venture capital undertaking" means such domestic company whose shares are not listed in a recognised stock exchange in India and which is engaged in the - (i) business of - (A) software; (B) information technology; (C) production of basic drugs in the pharmaceutical sector; (D) bio-technology; (E) agriculture and allied sectors; or (F) such other sectors as may be notified by the Central Government in this behalf; or (ii) production or manufacture of any article or substance for which patent has been granted to the National Research Laboratory or any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an industrial park notified by the Central Government under clause (iii) of sub-section (4) of section 80-IA;"; (l) after clause (29), the following clause shall be inserted, namely :- '(29A) any income accruing or arising to - (a) the Coffee Board constituted under section 4 of the Coffee Act, 1942 (7 of 1942) in any previous year relevant to any assessment year commencing on or after the 1st day of April, 1962 or the previous year in which such Board was constituted, whichever is later; (b) the Rubber Board constituted under sub-section (1) of section 4 of the Rubber Board Act, 1947 (24 of 1947) in any previous year relevant to any assessment year commencing on or after the 1st day of April, 1962 or the previous year in which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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