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Section14
The Finance Act, 1978

Amendment of section 72A

In force Act 19 of 1978 As on 14 Oct 2026

Act 19 of 1978 Ministry Finance Enacted 12 May 1978

Section 14 of the Finance Act, 1978 deals with amendment of section 72A. Amendment of section 72A. 14. In section 72A [as directed to be inserted by section 15 of the Finance (No. The Act was enacted on 12 May 1978.

Amendment of section 72A.

14. In section 72A [as directed to be inserted by section 15 of the Finance (No.

2) Act, 1977 (29 of 1977)] of the Income-tax Act, after sub-section (2) and before the Explanation, the following sub-section shall be inserted, namely :—

" (3) Where a company owning an industrial undertaking or a ship proposes to amalgamate with any other company and such other company submits the proposed scheme of amalgamation to the specified authority and that authority is satisfied, after examining the scheme and taking into account all relevant facts, that the conditions referred to in sub-section (1) would be fulfilled if such amalgamation is effected in accordance with such scheme or, as the case may be, in accordance with such scheme as modified in such manner as that authority may specify, it shall intimate such other company that, after the amalgamation is effected in accordance with such scheme or, as the case may be, such scheme as so modified, it would make (unless there is any material change in the relevant facts) a recommendation to the Central Government under sub-section (1). " .

[Finance Act, 1978]

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Section 14, The Finance Act, 1978 (Act 19 of 1978).

Cross-references

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

This section refers to

  1. s. 15 Amendment of section 80A

Questions about Section 14

What does Section 14 of the Finance Act deal with?

Section 14 of the Finance Act is headed "Amendment of section 72A". Amendment of section 72A. 14. In section 72A [as directed to be inserted by section 15 of the Finance (No.

How do I find court cases under Section 14 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 1978 14, section 14 Finance Act 1978, section 14 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 14 of the Finance Act, and has it changed?

Its own text turns on section 15 (Amendment of section 80A), so none of them can safely be read on its own.

When was Section 14 of the Finance Act enacted?

Section 14 of the Finance Act, cited as Finance Act 1978 14, was enacted on 12 May 1978 as Act 19 of 1978. 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.