Section23
The Finance Act, 1971

Amendment of section 80T

In force Act 32 of 1971 As on 20 Oct 2026

Act 32 of 1971 Ministry Finance Enacted 10 Aug 1971

Section 23 of the Finance Act, 1971 deals with amendment of section 80T. Amendment of section 80T. 23. In section 80T of the Income-tax Act, in clause (b), with effect from the 1st day of April, 1972,— (a) in sub-clause (i), for the words "forty-five per cent", the words "thirty-five per cent." shall be substituted; The Act was enacted on 10 Aug 1971.

Amendment of section 80T.

23. In section 80T of the Income-tax Act, in clause (b), with effect from the 1st day of April, 1972,—

(a) in sub-clause (i), for the words "forty-five per cent", the words "thirty-five per cent." shall be substituted;

(b) in sub-clause (ii) and in the proviso, for the words "sixty-five per cent.", wherever they occur, the words "fifty per cent." shall be substituted.

[Finance (No.

2) Act, 1971]

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Section 23, The Finance Act, 1971 (Act 32 of 1971).

Questions about Section 23

What does Section 23 of the Finance Act deal with?

Section 23 of the Finance Act is headed "Amendment of section 80T". Amendment of section 80T. 23. In section 80T of the Income-tax Act, in clause (b), with effect from the 1st day of April, 1972,— (a) in sub-clause (i), for the words "forty-five per cent", the words "thirty-five per cent." shall be substituted;

How do I find court cases under Section 23 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 1971 23, section 23 Finance Act 1971, section 23 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 23 of the Finance Act enacted?

Section 23 of the Finance Act, cited as Finance Act 1971 23, was enacted on 10 Aug 1971 as Act 32 of 1971. 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.