{"act":{"id":"finance-act-1990","short_title":"The Finance Act, 1990","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1990-1991.","act_number":"12","act_year":1990,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":62,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1990/"},"unit":"section","section":{"number":"55","heading":"Amendment of section 17","text":"Amendment of section 17 55. In section 17 of the Wealth-tax Act, in sub-section (1B), in clause (a), for the words \"except by an Assessing Officer of the rank of Assistant Commissioner or Deputy Commissioner\", the words \"by an Assessing Officer, who is below the rank of Assistant Commissioner, unless the Deputy Commissioner is satisfied on the reasons recorded by such Assessing Officer that it is a fit case for the issue of such notice\" shall be substituted. [Finance Act, 1990] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 17</b></p><p><b>55.</b> In section 17 of the Wealth-tax Act, in sub-section (<i>1B),</i> in clause (<i>a</i>), for the words \"except by an Assessing Officer of the rank of Assistant Commissioner or Deputy Commissioner\", the words \"by an Assessing Officer, who is below the rank of Assistant Commissioner, unless the Deputy Commissioner is satisfied on the reasons recorded by such Assessing Officer that it is a fit case for the issue of such notice\" shall be substituted.</p><p>[Finance Act, 1990]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":87,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1990/section/55/","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."}