{"act":{"id":"finance-act-2015","short_title":"The Finance Act, 2015","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.","act_number":"20","act_year":2015,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":165,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2015/"},"unit":"section","section":{"number":"12","heading":"Amendment of section 35","text":"Amendment of section 35. 12. In section 35 of the Income-tax Act, with effect from the 1st day of April, 2016,— (i) | in sub-section (2AA), in the proviso, after the words \"submit its report to the\", the words \"Principal Chief Commissioner or Chief Commissioner or\" shall be inserted; (ii) | in sub-section (2AB),— (a) | in clause (3), for the words \"for audit of accounts maintained for that facility\", the words \"fulfils such conditions with regard to maintenance of accounts and audit thereof and furnishing of reports in such manner as may be prescribed\" shall be substituted; (b) | in clause (4), after the words \"approval of the said facility to the\", the words \"Principal Chief Commissioner or Chief Commissioner or\" shall be inserted.","html":"<p><b> Amendment of section 35.</b></p><p><b> 12.</b> In section 35 of the Income-tax Act, with effect from the 1st day of April, 2016,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (2AA), in the proviso, after the words \"submit its report to the\", the words \"Principal Chief Commissioner or Chief Commissioner or\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (2AB)<i>,</i>—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>3</i>), for the words \"for audit of accounts maintained for that facility\", the words \"fulfils such conditions with regard to maintenance of accounts and audit thereof and furnishing of reports in such manner as may be prescribed\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in clause (<i>4</i>), after the words \"approval of the said facility to the\", the words \"Principal Chief Commissioner or Chief Commissioner or\" shall be inserted.</td></tr></table></div>","words":125,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/12/","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."}