{"act":{"id":"finance-act-2012","short_title":"The Finance Act, 2012","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013.","act_number":null,"act_year":2012,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":121,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2012/"},"unit":"section","section":{"number":"23","heading":"Amendment of section 80A","text":"Amendment of section 80A. 23. In section 80A of the Income-tax Act, in sub-section (6), in the Explanation, after clause (ii), the following clause shall be inserted with effect from the 1st day of April, 2013, namely:— \"(iii) in relation to any goods or services sold, supplied or acquired means the arm's length price as defined in clause (ii) of section 92F of such goods or services, if it is a specified domestic transaction referred to in section 92BA.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80A.</b></p><p><b>23. </b>In section 80A of the Income-tax Act, in sub-section (6)<i>, </i>in the <i>Explanation, </i>after clause (<i>ii</i>), the following clause shall be inserted with effect from the 1st day of April, 2013, namely:—</p><p>\"(<i>iii</i>) in relation to any goods or services sold, supplied or acquired means the arm's length price as defined in clause (<i>ii</i>) of section 92F of such goods or services, if it is a specified domestic transaction referred to in section 92BA.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":85,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2012/section/23/","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."}