Definitions of commodities transactions tax and commodity derivative are aligned with the Finance Act, 2013 meanings. Section 66 of the Income-tax Act is amended by substituting clause (4) so that the expressions 'commodities transactions tax' and 'commodity derivative' take the same meanings as assigned to them in Chapter VII of the Finance Act, 2013. The amendment aligns the definitions in the income-tax law with the cross-referenced meanings under the earlier finance legislation, preserving consistency in the statutory treatment of those terms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definitions of commodities transactions tax and commodity derivative are aligned with the Finance Act, 2013 meanings.
Section 66 of the Income-tax Act is amended by substituting clause (4) so that the expressions "commodities transactions tax" and "commodity derivative" take the same meanings as assigned to them in Chapter VII of the Finance Act, 2013. The amendment aligns the definitions in the income-tax law with the cross-referenced meanings under the earlier finance legislation, preserving consistency in the statutory treatment of those terms.
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