{"act":{"id":"finance-act-1999","short_title":"The Finance Act, 1999","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1999-2000.","act_number":null,"act_year":1999,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1999/"},"unit":"section","section":{"number":"86","heading":"Amendment of section 254","text":"Amendment of section 254. 86. In section 254 of the Income-tax Act, with effect from the 1st day of June, 1999,— (a ) after sub-section (2), the following sub-sections shall be inserted, namely:— \"(2A) In every appeal, the Appellate Tribunal, where it is possi­ble, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1) of section 253. (2B) The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal.\"; (b ) in sub-section (4), for the word and figures \"section 256\", the words, figures and letter \"section 256 or section 260A\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 254.</b></p><p><b>86.</b> In section 254 of the Income-tax Act, with effect from the 1st day of June, 1999,—</p><p>(<i>a</i> ) after sub-section (2), the following sub-sections shall be inserted, namely:—</p><p>\"(2A) In every appeal, the Appellate Tribunal, where it is possi­ble, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1) of section 253.</p><p><span class=\"num\">(2B)</span> The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal.\";</p><p>(<i>b</i> ) in sub-section (4), for the word and figures \"section 256\", the words, figures and letter \"section 256 or section 260A\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":124,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1999/section/86/","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."}