Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2016 Amends Income-Tax Act: Foreign Diamond Miners Exempt from Income Deemed in India, Effective April 2016.</h1> Clause 5 of the Finance Bill, 2016 amends section 9 of the Income-tax Act. It introduces a new clause (e) to Explanation 1 of clause (i) in sub-section (1), stipulating that foreign companies involved in diamond mining will not have income deemed to accrue in India if their activities are limited to displaying uncut and unassorted diamonds in designated special zones. This amendment is effective retroactively from April 1, 2016, and applies to the assessment year 2016-2017 and onwards.
TaxTMI 
TaxTMI 
