{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"161","heading":"Amendment of section 33","text":"Amendment of section 33. 161. In section 33 of the principal Act,— (a) | in sub-section (1),— (i) | for the words \"housing finance institution\" wherever they occur, the words \"housing finance institution which is a company\" shall be substituted; (ii) | for the words \"the National Housing Bank\" at both the places where they occur, the words \"the National Housing Bank and the Reserve Bank'' shall be substituted; (b) | in sub-section (1A), for the words \"National Housing Bank\", the words \"Reserve Bank\" shall be substituted; (c) | in sub-section (2), for the words \"the National Housing Bank\" at both the places where they occur, the words \"the National Housing Bank and the Reserve Bank\" shall be substituted; (d) | in sub-section (3), for the words \"it may at any time\", the words \"it may at any time and shall, on being directed to do so by the Reserve Bank,\" shall be substituted.","html":"<p><b><b>Amendment of section 33.</b></b></p><p><b><b>161</b>. </b>In section 33 of the principal Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words \"housing finance institution\" wherever they occur, the words \"housing finance institution which is a company\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for the words \"the National Housing Bank\" at both the places where they occur, the words \"the National Housing Bank and the Reserve Bank'' shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (1A), for the words \"National Housing Bank\", the words \"Reserve Bank\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in sub-section (2), for the words \"the National Housing Bank\" at both the places where they occur, the words \"the National Housing Bank and the Reserve Bank\" shall be substituted;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>in sub-section (3), for the words \"it may at any time\", the words \"it may at any time and shall, on being directed to do so by the Reserve Bank,\" shall be substituted.</td></tr></table></div>","words":154,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/161/","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."}