# The Finance Act, 1975, Section 5: Amendment of section 33A

- Act: The Finance Act, 1975 (Act 25 of 1975)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1975/section/5/

## Text

Amendment of section 33A 5. In section 33A of the Income-tax Act, the following Explanation shall be inserted, and shall be deemed always to have been inserted, at the end, namely:— "Explanation.— For the purposes of this section, an assessee having a leasehold or other right of occupancv in any land shall be deemed to own such land and where the assessee transfers such right, he shall be deemed to have sold or otherwise transferred such land.". [Finance Act, 1975] © Copyright. Taxmann Publications Pvt. Ltd.

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