Omitted

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.... 3.  Inserted vide Section 14 of the Finance Act, 1990 w.e.f. 01-04-1991 4.  Inserted vide Section 14 of the Finance Act, 1990 w.e.f. 01-04-1991 5.  Omitted vide Section 21 of the Finance Act, 1992 w.e.f. 01-04-1993 before it was read as, "^1[Special provision for computing profits and gains from the business of trading in certain good....

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....or profession"; ^2[Provided that nothing contained in this clause shall apply to a buyer where the goods are not obtained by him by way of auction and where the sale price of such goods to be sold by the buyer is fixed by or under any State Act;] ^3[Explanation : For the purposes of this clause, "purchase price" means any amount (by whatever name called) paid or payable by the bu....

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.... Nature of goods Percentage (1) (2) (3) (i) Timber obtained under a forest lease Thirty-five per cent. (ii) Timber obtained by any mode other than under a forest lease Fifteen per cent. (iii) Any other forest produce not being Timber Thirty-five per cent. (2) For the removal of doubts, it is hereby declared that the provisions of sub-section (1) sh....