Section12
The Finance Act, 1976

Omission of section 54C

In force Act 66 of 1976 As on 07 Oct 2026

Act 66 of 1976 Ministry Finance Enacted 27 May 1976

Section 12 of the Finance Act, 1976 deals with omission of section 54C. Omission of section 54C 12. Section 54C of the Income-tax Act shall be omitted. The Act was enacted on 27 May 1976.

Omission of section 54C

12. Section 54C of the Income-tax Act shall be omitted.

[Finance Act, 1976]

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Section 12, The Finance Act, 1976 (Act 66 of 1976).

Questions about Section 12

What does Section 12 of the Finance Act deal with?

Section 12 of the Finance Act is headed "Omission of section 54C". Omission of section 54C 12. Section 54C of the Income-tax Act shall be omitted.

How do I find court cases under Section 12 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 1976 12, section 12 Finance Act 1976, section 12 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 12 of the Finance Act enacted?

Section 12 of the Finance Act, cited as Finance Act 1976 12, was enacted on 27 May 1976 as Act 66 of 1976. 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.