India - Income Tax Act 2010 - Saarc

1.97 CH. III - INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME S. 10(29A)58[(26BB) any income of a corporation established by the Central Governmentor any State Government for promoting the interests of the membersof a minority community.Explanation.—For the purposes of this clause, “minority community”means a community notified 59 as such by the Central Government inthe Official Gazette in this behalf;]60[(26BBB) any income of a corporation established by a Central, State orProvincial Act for the welfare and economic upliftment of ex-servicemenbeing the citizens of India.Explanation.—For the purposes of this clause, “ex-serviceman” meansa person who has served in any rank, whether as combatant or noncombatant,in the armed forces of the Union or armed forces of theIndian States before the commencement of the Constitution (butexcluding the Assam Rifles, Defence Security Corps, General ReserveEngineering Force, Lok Sahayak Sena, Jammu and Kashmir Militiaand Territorial Army) for a continuous period of not less than sixmonths after attestation and has been released, otherwise than byway of dismissal or discharge on account of misconduct or inefficiency,and in the case of a deceased or incapacitated ex-serviceman includeshis wife, children, father, mother, minor brother, widowed daughterand widowed sister, wholly dependant upon such ex-servicemanimmediately before his death or incapacitation;]61[(27) any income of a co-operative society formed for promoting theinterests of the members of either the Scheduled Castes or ScheduledTribes or both referred to in clause (26B) :Provided that the membership of the co-operative society consists ofonly other co-operative societies formed for similar purposes and thefinances of the society are provided by the Government and suchother societies;](28) 62 [* * *](29) 63 [Omitted by the Finance Act, 2002, w.e.f. 1-4-2003;]64[(29A) any income accruing or arising to—(a) the Coffee Board constituted under section 4 of the Coffee Act,1942 (7 of 1942) in any previous year relevant to any assessment58. Inserted by the Finance Act, 1995, w.e.f. 1-4-1995.59. For notified minority communities, see Taxmann’s Master Guide to Income-tax Act.60. Inserted by the Finance Act, 2003, w.e.f. 1-4-2004.61. Inserted by the Finance Act, 1992, w.r.e.f. 1-4-1989. Earlier clause (27) was omitted by theFinance Act, 1975, w.e.f. 1-4-1976 and re-enacted in section 80JJ with modification.Originally, clause (27) was inserted by the Finance Act, 1964, w.e.f. 1-4-1964 and later onamended by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967.62. Omitted by the Finance Act, 1997, w.e.f. 1-4-1998. Prior to its omission, clause (28) wasinserted by the Finance Act, 1965, w.e.f. 1-4-1965 and substituted by the Finance (No. 2)Act, 1965, w.e.f. 11-9-1965.63. Prior to its omission, clause (52) was inserted by the Finance (No. 2) Act, 1967, w.e.f.1-4-1968.64. Inserted by the Finance Act, 1999, w.e.f. 11-5-1999.