{"act":{"id":"finance-act-2023","short_title":"The Finance Act, 2023","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.","act_number":"8","act_year":2023,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":181,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2023/"},"unit":"section","section":{"number":"70","heading":"Amendment of section 140B","text":"Amendment of section 140B. 70.  In section 140B of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2022,— (i) | in the opening portion, the words \"or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax,\" shall be omitted and shall be deemed to have been omitted; (ii) | in clause (a), in sub-clause (i), after the words \"earlier return\", the words \", if any\" shall be inserted and shall be deemed to have been inserted.","html":"<p><b>Amendment of section 140B.</b></p><p><b>70. </b> In section 140B of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2022,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in the opening portion, the words \"or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax,\" shall be omitted and shall be deemed to have been omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>a</i>), in sub-clause (<i>i</i>), after the words \"earlier return\", the words \", if any\" shall be inserted and shall be deemed to have been inserted.</td></tr></table></div>","words":93,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/70/","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."}