{"act":{"id":"finance-act-2026","short_title":"The Finance Act, 2026","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.","act_number":"4","act_year":2026,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":167,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2026/"},"unit":"section","section":{"number":"98","heading":"Amendment of section 439","text":"Amendment of section 439. 98. In section 439 of the Income-tax Act,— (a) | in sub-section (11),— (i) | in clause (e), the word \"and\" occurring at the end shall be omitted; (ii) | in clause (f), for the word \"apply.\", the words \"apply; and\" shall be substituted; (iii) | after clause (f), the following clause shall be inserted, namely:— \"(g) income referred to in section 195(f)(6).\" (b) | after sub-section (13), the following sub-section shall be inserted, namely:— \"(13A) Where additional income-tax is paid in accordance with section 267(5)(ii), the income on which such additional income-tax is paid shall not form the basis of imposition of penalty under this section.\".","html":"<p><b>Amendment of section 439.</b></p><p><b>98.</b> In section 439 of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (11),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>e</i>), the word \"and\" occurring at the end shall be omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>f</i>), for the word \"apply.\", the words \"apply; and\" shall be substituted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>after clause (<i>f</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>g</i>) income referred to in section 195(<i>f</i>)(6).\"</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>after sub-section (13), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(13A) Where additional income-tax is paid in accordance with section 267(5)(<i>ii</i>), the income on which such additional income-tax is paid shall not form the basis of imposition of penalty under this section.\".</td></tr></table></div>","words":111,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/98/","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."}