India - Income Tax Act 2010 - Saarc

S. 2(28A) I.T. ACT, 1961 1.20(ib) any institution, association or body which is declared by theBoard to be a company under clause (17) ;](ii) in the case of the State of Jammu and Kashmir, a companyformed and registered under any law for the time being in forcein that State ;43[(iii) in the case of any of the Union territories of Dadra and NagarHaveli, Goa†, Daman and Diu, and Pondicherry, a companyformed and registered under any law for the time being in forcein that Union territory :]Provided that the 44 [registered or, as the case may be, principal officeof the company, corporation, institution, association or body] in allcases is in India ;45[(26A) “infrastructure capital company” means such company which makesinvestments by way of acquiring shares or providing long-termfinance to any enterprise or undertaking wholly engaged in thebusiness referred to in sub-section (4) of section 80-IA or sub-section(1) of section 80-IAB or an undertaking developing and building ahousing project referred to in sub-section (10) of section 80-IB or aproject for constructing a hotel of not less than three-star category asclassified by the Central Government or a project for constructing ahospital with at least one hundred beds for patients;(26B) “infrastructure capital fund” means such fund operating under a trustdeed registered under the provisions of the Registration Act, 1908 (16of 1908) established to raise monies by the trustees for investment byway of acquiring shares or providing long-term finance to anyenterprise or undertaking wholly engaged in the business referred toin sub-section (4) of section 80-IA or sub-section (1) of section 80-IABor an undertaking developing and building a housing project referredto in sub-section (10) of section 80-IB or a project for constructing ahotel of not less than three-star category as classified by the CentralGovernment or a project for constructing a hospital with at least onehundred beds for patients;](27) 46 [* * *](28) “Inspector of Income-tax” means a person appointed to be anInspector of Income-tax under sub-section 47 [(1)] of section 117 ;48[ 49 (28A) “interest” means interest payable in any manner in respect of anymoneys borrowed or debt incurred (including a deposit, claim or43. Inserted by the Taxation Laws (Extension to Union Territories) Regulation, 1963, w.e.f.1-4-1963.44. Substituted for “registered office of the company” by the Finance (No. 2) Act, 1971, w.e.f.1-4-1971.45. Clauses (26A) and (26B) inserted by the Finance Act, 2006, w.e.f. 1-4-2006.46. Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.47. Substituted for “(2)”, ibid.48. Inserted by the Finance Act, 1976, w.e.f. 1-6-1976.49. See also Letter F. No. 164/18/77-IT(A-I), dated 13-7-1978. For details, see Taxmann’sMaster Guide to Income-tax Act.†Now State of Goa.