{"act":{"id":"finance-act-2002","short_title":"The Finance Act, 2002","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2002-2003.","act_number":null,"act_year":2002,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":124,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2002/"},"unit":"section","section":{"number":"51","heading":"Amendment of section 115JA","text":"Amendment of section 115JA. 51. In section 115JA of the Income-tax Act, in sub-section (2), in the Explanation, for clause (iii) and the Explanation thereto, the following shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1997, namely:— \"(iii) the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account. Explanation.—For the purposes of this clause,— (a) the loss shall not include depreciation; (b) the provisions of this clause shall not apply if the amount of loss brought forward or unabsorbed depreciation, is nil; or \". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115JA.</b></p><p><b>51.</b> In section 115JA of the Income-tax Act, in sub-section (2), in the <i>Explanation</i>, for clause (<i>iii</i>) and the <i>Explanation </i>thereto, the following shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1997, namely:—</p><p>\"(<i>iii</i>) the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.</p><p><i>Explanation</i>.—For the purposes of this clause,—</p><p>(<i>a</i>) the loss shall not include depreciation;</p><p>(<i>b</i>) the provisions of this clause shall not apply if the amount of loss brought forward or unabsorbed depreciation, is <i>nil; </i>or <i>\".</i></p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":108,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2002/section/51/","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."}