# The Finance Act, 1975, Section 9: Amendment of section 52

- Act: The Finance Act, 1975 (Act 25 of 1975)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1975/section/9/

## Text

Amendment of section 52 9. In section 52 of the Income-tax Act, in sub-section (2), the follow- Amending proviso shall be inserted, and shall be deemed to have been inserted, ment of with effect from the 1st day of April, 1974, namely:— "Provided that this sub-section shall not apply in any case— (a) where the capital asset is transferred to the Government, or (b) where the full value of the consideration for the transfer of the capital asset is determined or approved by the Central Government or the Reserve Bank of India and the adequacy of the full value of the consideration so determined or approved is not questioned by the assessee.". [Finance Act, 1975] © Copyright. Taxmann Publications Pvt. Ltd.

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