{"act":{"id":"finance-act-2014","short_title":"The Finance Act, 2014","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2014-2015.","act_number":"25","act_year":2014,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":129,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2014/"},"unit":"section","section":{"number":"39","heading":"Amendment of section 115JC","text":"Amendment of section 115JC. 39. In section 115JC of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2015,— (a) | in clause (i), the word \"and\" occurring at the end, shall be omitted; (b) | in clause (ii), for the words, figures and letters \"under section 10AA\", the words, figures and letters \"under section 10AA; and\" shall be substituted; (c) | after clause (ii), the following clause shall be inserted, namely:— \"(iii) | deduction claimed, if any, under section 35AD as reduced by the amount of depreciation allowable in accordance with the provisions of section 32 as if no deduction under section 35AD was allowed in respect of the assets on which the deduction under that section is claimed.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115JC.</b></p><p><b>39.</b> In section 115JC of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2015,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>i</i>), the word \"and\" occurring at the end, shall be omitted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in clause (<i>ii</i>), for the words, figures and letters \"under section 10AA\", the words, figures and letters \"under section 10AA; and\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>after clause (<i>ii</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td><i>\"</i>(<i>iii</i>)</td><td></td><td>deduction claimed, if any, under section 35AD as reduced by the amount of depreciation allowable in accordance with the provisions of section 32 as if no deduction under section 35AD was allowed in respect of the assets on which the deduction under that section is claimed.\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":131,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/39/","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."}