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Section47
The Finance Act, 1964

Amendment of section 295

In force Act 5 of 1964 As on 10 Oct 2026

Act 5 of 1964 Ministry Finance

Section 47 of the Finance Act, 1964 deals with amendment of section 295. Amendment of section 295 47. In section 295 of the Income-tax Act, in sub-section (2), after clause (d), the following clause shall be inserted, namely :— "(dd) the extent to which, and the conditions subject to which, any expenditure referred to in sub-section (3) of section 37 may be allowed;";

Amendment of section 295

47. In section 295 of the Income-tax Act, in sub-section (2), after clause (d), the following clause shall be inserted, namely :—

"(dd) the extent to which, and the conditions subject to which, any expenditure referred to in sub-section (3) of section 37 may be allowed;";

[Finance Act, 1964]

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Section 47, The Finance Act, 1964 (Act 5 of 1964).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 37 Amendment of section 156
  2. Income-tax Act s. 295 Power to make rules

Questions about Section 47

What does Section 47 of the Finance Act deal with?

Section 47 of the Finance Act is headed "Amendment of section 295". Amendment of section 295 47. In section 295 of the Income-tax Act, in sub-section (2), after clause (d), the following clause shall be inserted, namely :— "(dd) the extent to which, and the conditions subject to which, any expenditure referred to in sub-section (3) of section 37 may be allowed;";

How do I find court cases under Section 47 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1964 47, section 47 Finance Act 1964, section 47 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 47 of the Finance Act, and has it changed?

Its own text turns on section 37 (Amendment of section 156), Income-tax Act 295 (Power to make rules), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1964 as Act 5 of 1964. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.