{"act":{"id":"finance-act-1993","short_title":"The Finance Act, 1993","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1993-1994.","act_number":"38","act_year":1993,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":43,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1993/"},"unit":"section","section":{"number":"40","heading":"Amendment of section 18B","text":"Amendment of section 18B. 40. In section 18B of the Wealth-tax Act, with effect from the 1st day of June, 1993,— (a) in sub-section (1), the words \"Chief Commissioner or\" shall be omitted; (b) in sub-section (2), for the words \"the Chief Commissioner or Commissioner, except with the previous approval of the Board\", the words \"the Commissioner except with the previous approval of the Chief Commissioner or Director-General, as the case may be\" shall be substituted. (c) in sub-section (4), the words \"Chief Commissioner or\" shall be omitted. [Finance Act, 1993] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 18B.</b></p><p><b>40.</b> In section 18B of the Wealth-tax Act, with effect from the 1st day of June, 1993,—</p><p>(<i>a</i>) in sub-section (<i>1</i>), the words \"Chief Commissioner or\" shall be omitted;</p><p>(<i>b</i>) in sub-section (<i>2</i>), for the words \"the Chief Commissioner or Commissioner, except with the previous approval of the Board\", the words \"the Commissioner except with the previous approval of the Chief Commissioner or Director-General, as the case may be\" shall be substituted.</p><p>(<i>c</i>) in sub-section <i>(4),</i> the words \"Chief Commissioner or\" shall be omitted.</p><p>[Finance Act, 1993]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":97,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1993/section/40/","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."}