{"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":"88","heading":"Consequential amendments","text":"Consequential amendments. 88. The following amendments (being amendments of a consequential nature) shall be made in the Income-tax Act,— (a) in section 32, in sub-section (2), the brackets and words \"(or, if the assessee is a registered firm or an unregistered firm assessed as a registered firm, in the assessment of its partners)\" shall be omitted with effect from the 1st day of April, 1993; (b) in section 139, in sub-section (1), in the Explanation, in clause (b), in sub-clause (i), the words \"or in the case of a partner of .a firm where the accounts of the firm are required to be so audited\" shall be omitted with effect from the 1st day of April, 1993; (c) in section 143, in sub-section (1), in clause (c), with effect from the 1st day of April, 1993,— (i) the words \"a partner of a firm\" shall be omitted; (ii) the word \"firm\", at both the places where it occurs, shall be omitted. [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p>Consequential amendments.</p><p><b>88.</b> The following amendments (being amendments of a consequential nature) shall be made in the Income-tax Act,—</p><p>(<i>a</i>) in section 32, in sub-section (<i>2</i>), the brackets and words \"(or, if the assessee is a registered firm or an unregistered firm assessed as a registered firm, in the assessment of its partners)\" shall be omitted with effect from the 1st day of April, 1993;</p><p>(<i>b</i>) in section 139, in sub-section (<i>1</i>), in the <i>Explanation,</i> in clause (<i>b</i>), in sub-clause (<i>i</i>), the words \"or in the case of a partner of .a firm where the accounts of the firm are required to be so audited\" shall be omitted with effect from the 1st day of April, 1993;</p><p>(<i>c</i>) in section 143, in sub-section (<i>1</i>), in clause (<i>c</i>), with effect from the 1st day of April, 1993,—</p><p>(<i>i</i>) the words \"a partner of a firm\" shall be omitted;</p><p>(<i>ii</i>) the word \"firm\", at both the places where it occurs, shall be omitted.</p><p>[Finance Act, 1992]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":170,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1992/section/88/","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."}