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Section25
The Finance Act, 1967

Substitution of new section for section 85

In force Act 20 of 1967 As on 15 Oct 2026

Act 20 of 1967 Ministry Finance Enacted 05 Aug 1967

Section 25 of the Finance Act, 1967 deals with substitution of new section for section 85. Substitution of new section for section 85 25. The Act was enacted on 05 Aug 1967.

Substitution of new section for section 85

25. For section 85 of the Income-tax Act, the following section shall be, and shall be deemed always to have been, substituted, namely:—

"85. Dividend from new industrial undertaking or hotel business or ship—Subject to any rules that may be made by the Board in this behalf income-tax shall not be payable by a shareholder in respect of so much of any dividend paid or deemed to be paid to him out of the profits and gains derived by a company from an industrial undertaking or the business of a hotel or a ship to which section 84 applies as is attributable to that part of such profits and gains on which income-tax is not payable by the company under section 84.".

[Finance (No.

2) Act, 1967]

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Section 25, The Finance Act, 1967 (Act 20 of 1967).

Questions about Section 25

What does Section 25 of the Finance Act deal with?

Section 25 of the Finance Act is headed "Substitution of new section for section 85". Substitution of new section for section 85 25.

How do I find court cases under Section 25 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 1967 25, section 25 Finance Act 1967, section 25 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was Section 25 of the Finance Act enacted?

Section 25 of the Finance Act, cited as Finance Act 1967 25, was enacted on 05 Aug 1967 as Act 20 of 1967. 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.