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Interpretation.
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....shall have the meaning assigned to it in section 402(7); (4) "commodity derivative" shall have the same meaning as assigned to it in Chapter VII of the Finance Act, 2013 (17 of 2013); (5) "commodities transaction tax" shall have the same meaning as assigned to it under Chapter VII of the Finance Act, 2013 (17 of 2013); (6) "fees for technical services" shall have the meaning assigned to it in section 9(7)(b); (7) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (8) "Indian Institute of Technology" shall have the same meaning as that of "Institut....
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....e computed under the head "Profits and gains of business or profession"; (18) "permanent establishment" shall have the meaning assigned to it in section 173(c); (19) "plant" includes ships, vehicles, books, scientific apparatus and surgical equipment used for the business or profession but does not include tea bushes or livestock or buildings or furniture and fittings; (20) "predecessor entity" means-- (a) the amalgamating Indian company in the case of amalgamation; (b) the demerged Indian company, in the case of demerger; (c) a firm, in the case of a succession of a firm by a company as referred to in section 70(1)(zd); (d) a private company or unlisted public company, in case of conversion as r....
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....ning assigned to it in section 402(29); (29) "royalty" shall have the same meaning as assigned to it in section 9(6)(b); (30) "rural branch" means a branch of a scheduled bank or a non-scheduled bank situated in a place which has a population of not more than ten thousand according to the last preceding census, of which the relevant figures have been published before the first day of the tax year; (31) "scientific research" means- (a) any activity for the extension of knowledge in the fields of natural or applied science including agriculture, animal husbandry or fisheries; and (b) the references to expenditure incurred on scientific research shall include all expenditure incurred for the prosecution, or the provi....
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....ll have the same meaning as assigned to it in section 2(m) of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006); (35) "speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips, other than the following transactions:- (a) a specified derivative transaction as defined in clause (37); (b) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchandising business to guard against loss through future price fluctuations in respect of his contract....
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....y State Act; (b) a company in which more than 50% of the paid-up equity share capital is held by the State Government; (c) a company in which more than 50% of the paid-up equity share capital is held by the entity referred to in clause (a) or (b) (whether singly or taken together); (d) a company or corporation in which the State Government has the right to appoint the majority of the directors or to control the management or policy decisions, directly or indirectly, including by virtue of its shareholding or management rights or shareholders agreements or voting agreements or in any other manner; (e) an authority, a board or an institution or a body established or constituted by or under any State Act, or....