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Section27
The Finance Act, 1972

Amendment of section 164

In force Act 16 of 1972 As on 15 Oct 2026

Act 16 of 1972 Ministry Finance Enacted 28 May 1972

Section 27 of the Finance Act, 1972 deals with amendment of section 164. Amendment of section 164. 27. In section164 of the Income-tax Act, with effect from the 1st day of April, 1973,— (a) in sub-section (2), for the words and figures "tax shall be charged on so much of the relevant income as is not exempt under section ", the words, brackets, figures and letter "or whi The Act was enacted on 28 May 1972.

Amendment of section 164.

27. In section164 of the Income-tax Act, with effect from the 1st day of April, 1973,—

(a) in sub-section (2), for the words and figures "tax shall be charged on so much of the relevant income as is not exempt under section 11", the words, brackets, figures and letter "or which is of the nature referred to in sub-clause (iia) of clause (24) of section 2, tax shall be charged on so much of the relevant income as is not exempt under section 11 or section 12" shall be substituted;

(b) in sub-section (3), for the words "In a case where the relevant income is derived from property held under trust in part only for charitable or religious purposes", the words, brackets, figures and letter "In a case where the relevant income is derived from property held under trust in part only for charitable or religious purposes or is of the mature referred to in sub-clause (iia) of clause (24) of section 2" shall be substituted,

[Finance Act, 1972]

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Section 27, The Finance Act, 1972 (Act 16 of 1972).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 2 Income-tax
  2. s. 11 Insertion of new section 74A
  3. s. 12 Amendment of section 75

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 164". Amendment of section 164. 27. In section164 of the Income-tax Act, with effect from the 1st day of April, 1973,— (a) in sub-section (2), for the words and figures "tax shall be charged on so much of the relevant income as is not exempt under section ", the words, brackets, figures and letter "or whi

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 1972 27, section 27 Finance Act 1972, 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.

What should I read with Section 27 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 11 (Insertion of new section 74A), section 12 (Amendment of section 75), so none of them can safely be read on its own.

When was Section 27 of the Finance Act enacted?

Section 27 of the Finance Act, cited as Finance Act 1972 27, was enacted on 28 May 1972 as Act 16 of 1972. 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.