Amendment of section 80-IA

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..... d gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being hereinafter referred to as the eligible business), there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction of an amount equal to hundred per cent. of profits and gains derived from such .....

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..... dertaking providing telecommunication services, specified in clause (ii) of sub-section (4), shall be hundred per cent. of the profits and gains of the eligible business for the first five assessment years commencing at any time during the periods as specified in sub-section (2) and thereafter, thirty per cent. of such profits and gains for further five assessment years." ; (d) in sub-section (3 .....

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..... utory body for (i) developing or (ii) operating and maintaining or (iii) developing, operating and maintaining a new infrastructure facility ;" ; (ii) for the Explanation, the following Explanation shall be substituted with effect from the 1st day of April, 2002, namely :- 'Explanation.-For the purposes of this clause, "infrastructure facility" means- (a) a road including toll road, a br .....

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..... the words "or special economic zone" shall be inserted with effect from the 1st day of April, 2002 ; (B) for the words, figures and letters "the 31st day of March, 2002", the words, figures and letters "the 31st day of March, 2006" shall be substituted ; (v) in clause (iv),- (A) for the words "industrial undertaking" at both the places where they occur, the word "undertaking" shall be substi .....

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..... ction, "market value", in relation to any goods or services, means the price that such goods or services would ordinarily fetch in the open market.' ; (h) in sub-section (9), for the words "industrial undertaking" at both the places where they occur, the word "undertaking" shall be substituted with effect from the 1st day of April, 2002.
Statute, statutory provisions legislation, law, ena .....

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