Amendment of section 280ZB
Section 28 of the Finance Act, 1968 deals with amendment of section 280ZB. Amendment of section 280ZB. 28. In section 280ZB of the Income-tax Act, in sub-section (2), for the portion beginning with the words "The amount shown on a tax credit certificate" and ending with the words "shall apply accordingly:", the following shall be substituted, namely:— "The amount shown on The Act was enacted on 11 May 1968.
Amendment of section 280ZB.
28. In section 280ZB of the Income-tax Act, in sub-section (2), for the portion beginning with the words "The amount shown on a tax credit certificate" and ending with the words "shall apply accordingly:", the following shall be substituted, namely:—
"The amount shown on a tax credit certificate granted to any 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 28, The Finance Act, 1968 (Act 19 of 1968).
Questions about Section 28
What does Section 28 of the Finance Act deal with?
Section 28 of the Finance Act is headed "Amendment of section 280ZB". Amendment of section 280ZB. 28. In section 280ZB of the Income-tax Act, in sub-section (2), for the portion beginning with the words "The amount shown on a tax credit certificate" and ending with the words "shall apply accordingly:", the following shall be substituted, namely:— "The amount shown on
How do I find court cases under Section 28 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 28, section 28 Finance Act 1968, section 28 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 28 of the Finance Act enacted?
Section 28 of the Finance Act, cited as Finance Act 1968 28, 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
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