Special provisions in regard to certain assessments under the Income-tax Act
Section 31 of the Finance Act, 1968 deals with special provisions in regard to certain assessments under the Income-tax Act. Special provisions in regard to certain assessments under the Income-tax Act 31. The Act was enacted on 11 May 1968.
Special provisions in regard to certain assessments under the Income-tax Act
31. (1) Notwithstanding the omission of section 85 of the Income-tax Act by section 33 of the Finance (No.
2) Act, 1967 (20 of 1967), the provisions of the said section 85 shall have, and be deemed always to have, in relation to any assessment for the assessment year commencing on or after the 1st day of April, 1962, and before the 1st day of April, 1968, effect subject to the modification that for the words "by a shareholder in respect of so much of any dividend paid or deemed to be paid to him", the words "by an owner of the shares in respect of so much of any dividend paid or deemed to be paid" were substituted.
(2) Notwithstanding the omission of section 85A of the Income-tax Act by section 33 of the Finance (No.
2) Act, 1967 (20 of 1967), the provisions of the said section 85A shall have, and be deemed always to have, in relation to any assessment for the assessment year commencing on or after the 1st day of April, 1965, and before the 1st day of April,1968, effect subject to the modification that the words "received by it", wherever they occur, were omitted.
(3) Notwithstanding the omission of section 99 of the Income-tax Act by section 29 of the Finance Act, 1965 (10 of 1965), the provisions of clause(iv) of sub-section (1) of the said section 99 shall have, and be deemed always to have, in relation to any assessment for the assessment year commencing on or after the 1st day of April, 1962, and before the 1st day of April, 1965, effect subject to the modification that the words "received by it" were omitted.
[Finance Act, 1968]
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Section 31, 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 31
What does Section 31 of the Finance Act deal with?
Section 31 of the Finance Act is headed "Special provisions in regard to certain assessments under the Income-tax Act". Special provisions in regard to certain assessments under the Income-tax Act 31.
How do I find court cases under Section 31 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 31, section 31 Finance Act 1968, section 31 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 31 of the Finance Act, and has it changed?
Its own text turns on section 33 (Amendment of Act 7 of 1964), Income-tax Act 99 (Treatment of connected person and accommodating party), so none of them can safely be read on its own.
When was Section 31 of the Finance Act enacted?
Section 31 of the Finance Act, cited as Finance Act 1968 31, 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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