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Section59
The Finance Act, 1972

Certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73

In force Act 16 of 1972 As on 15 Oct 2026

Act 16 of 1972 Ministry Finance Enacted 28 May 1972

Section 59 of the Finance Act, 1972 deals with certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73. Miscellaneous Certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73. The Act was enacted on 28 May 1972.

Miscellaneous

Certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73.

59. Notwithstanding the amendments made by this Act to the Income-tax Act, in computing, in the case of any person, the total income of a previous year relevant to the assessment year commencing on the 1st day of April, 1972, any income falling within clause (3) of section 10 of the Income-tax Act as it stood immediately before the 1st day of April, 1972, shall, not be included.

[Finance Act, 1972]

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Section 59, 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. Income-tax Act s. 10 Incomes not included in total income

Questions about Section 59

What does Section 59 of the Finance Act deal with?

Section 59 of the Finance Act is headed "Certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73". Miscellaneous Certain casual and non-recurring receipts not to be included in the total income for the assessment year 1972-73.

How do I find court cases under Section 59 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 59, section 59 Finance Act 1972, section 59 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 59 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 10 (Incomes not included in total income), so none of them can safely be read on its own.

When was Section 59 of the Finance Act enacted?

Section 59 of the Finance Act, cited as Finance Act 1972 59, 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.