{"act":{"id":"finance-act-2017","short_title":"The Finance Act, 2017","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.","act_number":null,"act_year":2017,"enact_date":"2017-04-17","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":198,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2017/"},"unit":"section","section":{"number":"55","heading":"Amendment of section 139","text":"Amendment of section 139. 55. In section 139 of the Income-tax Act, with effect from the 1st day of April, 2018,— (i) | in sub-section (4C),— (I) | after clause (c), the following clause shall be inserted, namely:— \"(ca) | person referred to in clause (23AAA) of section 10;\"; (II) | after clause (eb), the following clauses shall be inserted, namely:— \"(eba) | Investor Protection Fund referred to in clause (23EC) or clause (23ED) of section 10; (ebb) | Core Settlement Guarantee Fund referred to in clause (23EE) of section 10;\"; (III) | after clause (f), the following clause shall be inserted, namely:— \"(fa) | Board or Authority referred to in clause (29A) of section 10;\"; (IV) | in the long line occurring after clause (h), after the words \"association or institution,\", the words \"person or\" shall be inserted; (ii) | in sub-section (5) [as substituted by section 67 of the Finance Act, 2016 (28 of 2016)], the words \"the expiry of one year from\" shall be omitted.","html":"<p><b> Amendment of section 139.</b></p><p><b> 55. </b>In section 139 of the Income-tax Act, with effect from the 1st day of April, 2018,<i>—</i></p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (4C),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>after clause (<i>c</i>), the following clause shall be inserted, namely:<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>ca</i>)</td><td></td><td>person referred to in clause (<i>23AAA</i>) of section 10;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>II</i>)</td><td></td><td>after clause (<i>eb</i>), the following clauses shall be inserted, namely:<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>eba</i>)</td><td></td><td>Investor Protection Fund referred to in clause (<i>23EC</i>) or clause (<i>23ED</i>) of section 10;</td></tr><tr><td>(<i>ebb</i>)</td><td></td><td>Core Settlement Guarantee Fund referred to in clause (<i>23EE</i>) of section 10;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>III</i>)</td><td></td><td>after clause (<i>f</i>), the following clause shall be inserted, namely:<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>fa</i>)</td><td></td><td>Board or Authority referred to in clause (<i>29A</i>) of section 10;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>IV</i>)</td><td></td><td>in the long line occurring after clause (<i>h</i>), after the words \"association or institution,\", the words \"person or\" shall be inserted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (5) [as substituted by section 67 of the Finance Act, 2016 (28 of 2016)], the words \"the expiry of one year from\" shall be omitted.</td></tr></table></div>","words":168,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/55/","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."}