Chapter XXII-B

Tax credit certificates

[Chapter XXII-B, consisting of sections 280Y, 280Z, 280ZA, 280ZB, 280ZC, 280ZD and 280ZE, omitted by the Finance Act, 1990, w.e.f. 1-4-1990. No tax credit certificate granted under section 280Z or section 280ZC shall be produced before the Assessing Officer after the 31st day of March, 1991 for the purposes of sub-section (6) of section 280Z or, as the case may be, sub-section (4) of section 280ZC. Earlier Chapter XXII-B was inserted by the Finance Act, 1965, w.e.f. 1-4-1965.]

Definitions.

280Y. [Omitted by the Finance Act, 1990, w.e.f. 1-4- 1990.]

Tax credit certificates to certain equity shareholders.

280Z. ⁶[1] [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]

Tax credit certificates for shifting of industrial undertaking from urban area.

280ZA. ⁷[2] [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Original section was inserted by the Finance Act, 1965, w.e.f. 1-4-1965.]

Tax credit certificate to certain manufacturing companies in certain cases.

280ZB. ⁸[3] [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]

Tax credit certificate in relation to exports.

280ZC. ⁹[4] [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]

Tax credit certificates in relation to increased production of certain goods.

280ZD. ¹⁰[5] [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]

Tax credit certificate scheme.

280ZE.  [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]

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[1]Prior to omission section 280Z was amended by the Finance Act, 1968, w.e.f. 1-4-1968 and the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

[2]Section 280ZA was amended by the Finance Act, 1968, w.e.f. 1-4-1968, the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971 and the Finance Act, 1983, w.e.f. 1-4-1984

[3]Prior to omission section 280ZB was amended by the Finance Act, 1966, w.e.f. 1-4-1966, the Finance Act, 1968, w.e.f. 1-4-1968, the Finance Act, 1987, w.e.f. 1-4-1988 and the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

[4]Prior to omission section 280ZC was amended by the Finance (No. 2) Act, 1965, w.r.e.f. 1-4-1964, the Finance (No. 2) Act, 1965, w.e.f. 11-9-1965 and the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

[5]Prior to omission section 280ZD was amended by the Finance Act, 1968, w.e.f. 1-4-1968 and the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.