{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/"},"unit":"section","section":{"number":"43","heading":"Amendment of section 144C","text":"Amendment of section 144C. 43. In section 144C of the Income-tax Act with effect from the 1st day of September, 2024,— (i) | in sub-section (15), in clause (b), the following proviso shall be inserted, namely:— \"Provided that such eligible assessee shall not include person referred to in sub-section (1) of section 158BA or other person referred to in section 158BD.\"; (ii) | after sub-section (15), the following sub-section shall be inserted, namely:— \"(16) The provisions of this section shall not apply to any proceedings under Chapter XIV-B.\".","html":"<p><b>Amendment of section 144C.</b></p><p><b>43.</b> In section 144C of the Income-tax Act with effect from the 1st day of September, 2024,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (15), in clause (<i>b</i>), the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided</b> that such eligible assessee shall not include person referred to in sub-section (1) of section 158BA or other person referred to in section 158BD.\";</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after sub-section (15), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(16) The provisions of this section shall not apply to any proceedings under Chapter XIV-B.\".</td></tr></table></div>","words":88,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/43/","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."}