Amendment of section 271
Section 19 of the Finance Act, 1968 deals with amendment of section 271. Amendment of section 271 19. In section 271 of the Income-tax Act, in sub-section (1), for clause (iii), the following clause shall be substituted, namely:— "(iii) in the cases referred to in clause (c), in addition to any tax payable by him, a sum which shall not be less than, but which shall not e The Act was enacted on 11 May 1968.
Amendment of section 271
19. In section 271 of the Income-tax Act, in sub-section (1), for clause (iii), the following clause shall be substituted, namely:—
"(iii) in the cases referred to in clause (c), in addition to any tax payable by him, a sum which shall not be less than, but which shall not exceed twice, the amount of the income in respect of which the particulars have been concealed or inaccurate particulars have been furnished.".
[Finance Act, 1968]
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Section 19, The Finance Act, 1968 (Act 19 of 1968).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 19
What does Section 19 of the Finance Act deal with?
Section 19 of the Finance Act is headed "Amendment of section 271". Amendment of section 271 19. In section 271 of the Income-tax Act, in sub-section (1), for clause (iii), the following clause shall be substituted, namely:— "(iii) in the cases referred to in clause (c), in addition to any tax payable by him, a sum which shall not be less than, but which shall not e
How do I find court cases under Section 19 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 1968 19, section 19 Finance Act 1968, section 19 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 19 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 271 (Failure to furnish returns, comply with notices, concealment of income, etc), so none of them can safely be read on its own.
When was Section 19 of the Finance Act enacted?
Section 19 of the Finance Act, cited as Finance Act 1968 19, was enacted on 11 May 1968 as Act 19 of 1968. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule6299 words
- 32. Amendment of Act 27 of 1957957 words
- 7. Insertion of new section 40A932 words
- 2. Income-tax845 words
- 5. Insertion of new sections 35B and 35C732 words
- 11. Insertion of new section 141A500 words
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.