{"act":{"id":"finance-act-2005","short_title":"The Finance Act, 2005","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2005-2006.","act_number":"18","act_year":2005,"enact_date":"2005-05-13","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":70,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2005/"},"unit":"section","section":{"number":"57","heading":"Amendment of section 246A","text":"Amendment of section 246A. 57. In section 246A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2006,— (i ) after clause (a), the following clauses shall be inserted, namely:— \"(aa )  an order of assessment under sub-section (3) of section 115WE or section 115WF, where the assessee, being an employer objects to the value of fringe benefits assessed; (ab)   an order of assessment or reassessment under section 115WG;\"; (ii ) in clause (j), in sub-clause (B), for the word, figures and letter \"section 271F\", the words, figures and letters \"section 271F, section 271FB\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 246A.</b></p><p><b>57. </b>In section 246A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2006,—</p><p>(<i>i</i> ) after clause (<i>a</i>), the following clauses shall be inserted, namely:—</p><p><i> </i>\"(<i>aa</i> )<i> </i> an order of assessment under sub-section (3) of section 115WE or section 115WF, where the assessee, being an employer objects to the value of fringe benefits assessed;</p><p>(<i>ab</i>) <i> </i> an order of assessment or reassessment under section 115WG;\";</p><p>(<i>ii</i> ) in clause (<i>j</i>), in sub-clause (<i>B</i>), for the word, figures and letter \"section 271F\", the words, figures and letters \"section 271F, section 271FB\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":109,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2005/section/57/","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."}