{"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":"174","heading":"Amendment of section 24","text":"Amendment of section 24 174. In section 24 of the principal Act, with effect from the 1st day of September, 2019,— (a) | in sub-section (3), for the words, brackets and figure \"from the date of issue of notice under sub-section (1)\", the words, brackets and figure \"from the last day of the month in which the notice under sub-section (1) is issued\" shall be substituted; (b) | in sub-section (4), for the words, brackets and figure \"from the date of issue of notice under sub-section (1)\", the words, brackets and figure \"from the last day of the month in which the notice under sub-section (1) is issued\" shall be substituted; (c) | the following Explanation shall be inserted, namely:— \"Explanation.—For the purposes of this section, in computing the period of limitation, the period during which the proceeding is stayed by an order or injunction of any court shall be excluded: Provided that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (4) available to the Initiating Officer for passing order of attachment is less than thirty days, such remaining period shall be deemed to be extended to thirty days: Provided further that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (5) available to the Initiating Officer to refer the order of attachment to Adjudicating Authority is less than seven days, such remaining period shall be deemed to be extended to seven days.\".","html":"<p><b><b>Amendment of section 24</b></b></p><p><b><b>174</b>.</b> In section 24 of the principal Act, with effect from the 1st day of September, 2019,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (3), for the words, brackets and figure \"from the date of issue of notice under sub-section (1)\", the words, brackets and figure \"from the last day of the month in which the notice under sub-section (1) is issued\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (4), for the words, brackets and figure \"from the date of issue of notice under sub-section (1)\", the words, brackets and figure \"from the last day of the month in which the notice under sub-section (1) is issued\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>the following <i>Explanation</i> shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<i>Explanation</i>.—For the purposes of this section, in computing the period of limitation, the period during which the proceeding is stayed by an order or injunction of any court shall be excluded:</td></tr><tr><td></td><td></td><td><b>Provided</b> that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (4) available to the Initiating Officer for passing order of attachment is less than thirty days, such remaining period shall be deemed to be extended to thirty days:</td></tr><tr><td></td><td></td><td><b>Provided further</b> that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (5) available to the Initiating Officer to refer the order of attachment to Adjudicating Authority is less than seven days, such remaining period shall be deemed to be extended to seven days.\".</td></tr></table></div>","words":250,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/174/","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."}