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Section27
The Finance Act, 1968

Amendment of section 280ZA

In force Act 19 of 1968 As on 16 Oct 2026

Act 19 of 1968 Ministry Finance Enacted 11 May 1968

Section 27 of the Finance Act, 1968 deals with amendment of section 280ZA. Amendment of section 280ZA 27. In section 280ZA of the Income-tax Act, for sub-section (3),the following sub-section shall be substituted, namely:— "(3) The amount shown on a tax credit certificate granted to a public company under this section shall, on the certificate being produced before the Inc The Act was enacted on 11 May 1968.

Amendment of section 280ZA

27. In section 280ZA of the Income-tax Act, for sub-section (3),the following sub-section shall be substituted, namely:—

"(3) The amount shown on a tax credit certificate granted to a public company under this section shall, on the certificate being produced before the Income-tax Officer, be adjusted against any liability of the company under the Indian Income-tax Act, 1922 (11 of 1922), or this Act, existing on the date on which the certificate was produced before the Income-tax Officer and where the amount of such certificate exceeds such liability, or where there is no such liability, the excess or the whole of such amount, as the case may be, shall notwithstanding anything contained in Chapter XIX, be deemed, on the said date, to be refund due to such company under that Chapter and the provisions of this Act shall apply accordingly.".

[Finance Act, 1968]

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Section 27, The Finance Act, 1968 (Act 19 of 1968).

Questions about Section 27

What does Section 27 of the Finance Act deal with?

Section 27 of the Finance Act is headed "Amendment of section 280ZA". Amendment of section 280ZA 27. In section 280ZA of the Income-tax Act, for sub-section (3),the following sub-section shall be substituted, namely:— "(3) The amount shown on a tax credit certificate granted to a public company under this section shall, on the certificate being produced before the Inc

How do I find court cases under Section 27 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 27, section 27 Finance Act 1968, section 27 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 27 of the Finance Act enacted?

Section 27 of the Finance Act, cited as Finance Act 1968 27, 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

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.