eCourtsIndia
IndiaCode Laws
Section24
The Finance Act, 1979

Amendment of section 22D

In force Act 21 of 1979 As on 17 Oct 2026

Act 21 of 1979 Ministry Finance Enacted 10 May 1979

Section 24 of the Finance Act, 1979 deals with amendment of section 22D. Amendment of section 22D. 24. In section 22D of the Wealth-tax Act,— (a) in sub-section (1), the second proviso shall be omitted ; The Act was enacted on 10 May 1979.

Amendment of section 22D.

24. In section 22D of the Wealth-tax Act,—

(a) in sub-section (1), the second proviso shall be omitted ;

(b) after sub-section (1), the following sub-section shall be inserted, namely : —

" (1A) Notwithstanding anything contained in sub-section (1), an application shall not be proceeded with under that sub-section if the Commissioner objects to the application being proceeded with on the ground that concealment of particulars of the net wealth on the part of the applicant or perpetration of fraud by him for evading any tax or other sum chargeable or imposable under this Act has been established or is likely to be established by any Wealth-tax authority, in relation to the case :

Provided that where the Settlement Commission is not satisfied with the correctness of the objection raised by the Commissioner, the Settlement Commission may, after giving the Commissioner an opportunity of being heard, by order, allow the application to be proceeded with under subsection (1) and send a copy of its order to the Commissioner. ".

[Finance Act, 1979]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 24, The Finance Act, 1979 (Act 21 of 1979).

Cross-references

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

This section refers to

  1. Wealth-tax Act s. 22D Procedure on receipt of an application under section 22C

Questions about Section 24

What does Section 24 of the Finance Act deal with?

Section 24 of the Finance Act is headed "Amendment of section 22D". Amendment of section 22D. 24. In section 22D of the Wealth-tax Act,— (a) in sub-section (1), the second proviso shall be omitted ;

How do I find court cases under Section 24 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 1979 24, section 24 Finance Act 1979, section 24 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 24 of the Finance Act, and has it changed?

Its own text turns on Wealth-tax Act 22D (Procedure on receipt of an application under section 22C), so none of them can safely be read on its own.

When was Section 24 of the Finance Act enacted?

Section 24 of the Finance Act, cited as Finance Act 1979 24, was enacted on 10 May 1979 as Act 21 of 1979. 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.