Section14
The Finance Act, 1966

Amendment of section 55

In force Act 13 of 1966 As on 17 Oct 2026

Act 13 of 1966 Ministry Finance Enacted 13 May 1966

Section 14 of the Finance Act, 1966 deals with amendment of section 55. Amendment of section 55 14. In section 55 of the Income-tax Act, in sub-section (2), clause (iv) shall be omitted. The Act was enacted on 13 May 1966.

Amendment of section 55

14. In section 55 of the Income-tax Act, in sub-section (2), clause (iv) shall be omitted.

[Finance Act, 1966]

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Section 14, The Finance Act, 1966 (Act 13 of 1966).

Cross-references

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

Questions about Section 14

What does Section 14 of the Finance Act deal with?

Section 14 of the Finance Act is headed "Amendment of section 55". Amendment of section 55 14. In section 55 of the Income-tax Act, in sub-section (2), clause (iv) shall be omitted.

How do I find court cases under Section 14 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 1966 14, section 14 Finance Act 1966, section 14 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 14 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 55 (Meaning of "adjusted", "cost of improvement" and "cost of acquisition"), so none of them can safely be read on its own.

When was Section 14 of the Finance Act enacted?

Section 14 of the Finance Act, cited as Finance Act 1966 14, was enacted on 13 May 1966 as Act 13 of 1966. 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.