{"act":{"id":"finance-act-2016","short_title":"The Finance Act, 2016","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2016-2017.","act_number":null,"act_year":2016,"enact_date":"2016-06-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":276,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2016/"},"unit":"section","section":{"number":"238","heading":"Amendment of Act 20 of 2015","text":"PART XV AMENDMENT TO THE FINANCE ACT, 2015 Amendment of Act 20 of 2015. 238. In the Finance Act, 2015,— (a) | in section 4, clause (ii) shall be omitted with effect from the 1st day of April, 2016; (b) | with effect from the 1st day of June, 2016,— (i) | in section 122, in sub-section (2), for the words \"Any credit balance\", the words \"Notwithstanding anything contrary contained in any other law for the time being in force, any credit balance\" shall be substituted; (ii) | in section 124, sub-section (5) shall be omitted; (iii) | in section 128, in sub-section (2), clause (c) shall be omitted.","html":"<p><i> <b>PART XV</b> </i></p><p><b>AMENDMENT TO THE FINANCE ACT, 2015</b></p><p><b> Amendment of Act 20 of 2015. </b></p><p><b> 238.</b> In the Finance Act, 2015,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in section 4, clause (<i>ii</i>) shall be omitted with effect from the 1st day of April, 2016;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>with effect from the 1st day of June, 2016,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in section 122, in sub-section (<i>2</i>), for the words \"Any credit balance\", the words \"Notwithstanding anything contrary contained in any other law for the time being in force, any credit balance\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in section 124, sub-section (<i>5</i>) shall be omitted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in section 128, in sub-section (<i>2</i>), clause (<i>c</i>) shall be omitted.</td></tr></table></div>","words":109,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/238/","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."}