{"act":{"id":"finance-act-1992","short_title":"The Finance Act, 1992","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1992-1993.","act_number":"18","act_year":1992,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":109,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1992/"},"unit":"section","section":{"number":"14","heading":"Amendment of section 36","text":"Amendment of section 36. 14. In section 36 of the Income-tax Act, in sub-section (1), in clause (viii), for the Explanation, the following Explanation shall be substituted and shall be deemed to have been substituted, with effect from the 1st day of April, 1987, namely: — Explanation.—In this clause,— (a) \"financial corporation'' shall include a public company and a Government company;. (b) \"public company\" shall have the meaning assigned to it in section 3 of the Companies Act, 1956; (1 of 1956) (c) \"Government company\" shall have the meaning assigned to it in section 617 of the Companies Act, 1956(1 of 1956) [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p>Amendment of section 36.</p><p><b>14.</b> In section 36 of the Income-tax Act, in sub-section (<i>1</i>), in clause (<i>viii</i>), for the <i>Explanation,</i> the following <i>Explanation</i> shall be substituted and shall be deemed to have been substituted, with effect from the 1st day of April, 1987, namely: —</p><p><i>Explanation.</i>—In this clause,—</p><p>(<i>a</i>) \"financial corporation'' shall include a public company and a Government company;.</p><p>(<i>b</i>) \"public company\" shall have the meaning assigned to it in section 3 of the Companies Act, 1956; (1 of 1956)</p><p>(<i>c</i>) \"Government company\" shall have the meaning assigned to it in section 617 of the Companies Act, 1956(1 of 1956)</p><p>[Finance Act, 1992]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":111,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1992/section/14/","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."}