Income Tax Act, 2025
Section 7: Ins. by Act 27 of 1999, s. 6 (w.e.f. 111999).
7. Ins. by Act 27 of 1999, s. 6 (w.e.f. 111999).
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(b) the Rubber Board constituted under sub-section (1) of section 4 of the Rubber Board
Act, 1947 (24 of 1947) in any previous year relevant to any assessment year commencing on or
after the 1st day of April, 1962 or the previous year in which such Board was constituted,
whichever is later;
(c) the Tea Board established under section 4 of the Tea Act, 1953 (29 of 1953) in any
previous year relevant to any assessment year commencing on or after the 1st day of April, 1962
or the previous year in which such Board was constituted, whichever is later;
(d) the Tobacco Board constituted under the Tobacco Board Act, 1975 (4 of 1975) in any
previous year relevant to any assessment year commencing on or after the 1st day of April, 1975
or the previous year in which such Board was constituted, whichever is later;
(e) the Marine Products Export Development Authority established under section 4 of the
Marine Products Export Development Authority Act, 1972 (13 of 1972) in any previous year
relevant to any assessment year commencing on or after the 1st day of April, 1972 or the previous
year in which such Authority was constituted, whichever is later;
(f) the Agricultural and Processed Food Products Export Development Authority established
under section 4 of the Agricultural and Processed Food Products Export Development Act, 1985
(2 of 1986) in any previous year relevant to any assessment year commencing on or after the 1st
day of April, 1985 or the previous year in which such Authority was constituted, whichever is
later;
(g) the Spices Board constituted under sub-section (1) of section 3 of the Spices Board Act,
1986 (10 of 1986) in any previous year relevant to any assessment year commencing on or after
the 1st day of April, 1986 or the previous year in which such Board was constituted, whichever is
later;]
1[(h) the Coir Board established under section 4 of the Coir Industry Act, 1953 (45 of 1953);]
2[(30) in the case of an assessee who carries on the business of growing and manufacturing tea in
India, the amount of any subsidy received from or through the Tea Board under any such scheme for
replantation or replacement of tea bushes 3[or for rejuvenation or consolidation of areas used for
cultivation of tea] as the Central Government may, by notification in the Official Gazette, specify:
Provided that the assessee furnishes to the 4[Assessing Officer], along with his return of
incomefor the assessment year concerned or within such further time as the 4[Assessing Officer] may
allow, a certificate from the Tea Board as to the amount of such subsidy paid to the assessee during
the previous year.
Explanation.—In this clause, “Tea Board” means the Tea Board established under section 4 of
the Tea Act, 1953 (29 of 1953);]
5[(31) in the case of an assessee who carries on the business of growing and manufacturing
rubber, coffee, cardamom or such other commodity in India, as the Central Government may, by
notification in the Official Gazette, specify in this behalf, the amount of any subsidy received from or
through the concerned Board under any such scheme for replantation or replacement of rubber plants,
coffee plants, cardamom plants or plants for the growing of such other commodity or for rejuvenation
or consolidation of areas used for cultivation of rubber, coffee, cardamom or such other commodity
as the Central Government may, by notification in the Official Gazette, specify:
the Rubber Board constituted under sub-section
of section 4 of the Rubber Board
Act, 1947 (24 of 1947) in any previous year relevant to any assessment year commencing on or
after the 1st day of April, 1962 or the previous year in which such Board was constituted,
whichever is later;
the Tea Board established under section 4 of the Tea Act, 1953 (29 of 1953) in any
previous year relevant to any assessment year commencing on or after the 1st day of April, 1962
or the previous year in which such Board was constituted, whichever is later;
the Tobacco Board constituted under the Tobacco Board Act, 1975 (4 of 1975) in any
previous year relevant to any assessment year commencing on or after the 1st day of April, 1975
or the previous year in which such Board was constituted, whichever is later;
the Marine Products Export Development Authority established under section 4 of the
Marine Products Export Development Authority Act, 1972 (13 of 1972) in any previous year
relevant to any assessment year commencing on or after the 1st day of April, 1972 or the previous
year in which such Authority was constituted, whichever is later;
the Agricultural and Processed Food Products Export Development Authority established
under section 4 of the Agricultural and Processed Food Products Export Development Act, 1985
(2 of 1986) in any previous year relevant to any assessment year commencing on or after the 1st
day of April, 1985 or the previous year in which such Authority was constituted, whichever is
later;
the Spices Board constituted under sub-section
of section 3 of the Spices Board Act,
1986 (10 of 1986) in any previous year relevant to any assessment year commencing on or after
the 1st day of April, 1986 or the previous year in which such Board was constituted, whichever is
later;]
1[
the Coir Board established under section 4 of the Coir Industry Act, 1953 (45 of 1953);]
2[
in the case of an assessee who carries on the business of growing and manufacturing tea in
India, the amount of any subsidy received from or through the Tea Board under any such scheme for
replantation or replacement of tea bushes 3[or for rejuvenation or consolidation of areas used for
cultivation of tea] as the Central Government may, by notification in the Official Gazette, specify:
Provided that the assessee furnishes to the 4[Assessing Officer], along with his return of
incomefor the assessment year concerned or within such further time as the 4[Assessing Officer] may
allow, a certificate from the Tea Board as to the amount of such subsidy paid to the assessee during
the previous year.
Explanation.—In this clause, “Tea Board” means the Tea Board established under section 4 of
the Tea Act, 1953 (29 of 1953);]
5[
in the case of an assessee who carries on the business of growing and manufacturing
rubber, coffee, cardamom or such other commodity in India, as the Central Government may, by
notification in the Official Gazette, specify in this behalf, the amount of any subsidy received from or
through the concerned Board under any such scheme for replantation or replacement of rubber plants,
coffee plants, cardamom plants or plants for the growing of such other commodity or for rejuvenation
or consolidation of areas used for cultivation of rubber, coffee, cardamom or such other commodity
as the Central Government may, by notification in the Official Gazette, specify: