{"act":{"id":"finance-act-1974","short_title":"The Finance Act, 1974","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1974-1975.","act_number":null,"act_year":1974,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":18,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1974/"},"unit":"section","section":{"number":"7","heading":"Amendment of section 80MM","text":"Amendment of section 80MM. 7. In section 80MM of the Income-tax Act, with effect from the 1st day of April, 1975,— (a) in sub-section (1), the words and brackets \"or a person (other than a company) who is resident in India\" shall be omitted; (b) sub-section (2A) shall be omitted. [Finance Act, 1974] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80MM.</b></p><p><b>7.</b> In section 80MM of the Income-tax Act, with effect from the 1st day of April, 1975,—</p><p>(<i>a</i>) in sub-section (<i>1</i>), the words and brackets \"or a person (other than a company) who is resident in India\" shall be omitted;</p><p>(<i>b</i>) sub-section (2<i>A</i>) shall be omitted.</p><p>[Finance Act, 1974]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":59,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1974/section/7/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}