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Section8
The Finance Act, 1980

Amendment of section 35B

In force Act 44 of 1980 As on 17 Oct 2026

Act 44 of 1980 Ministry Finance Cited by 1 provision

Section 8 of the Finance Act, 1980 deals with amendment of section 35B. Amendment of section 35B 8. In section 35B of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1981,— (a) in clause (b), sub-clauses (ii), (iii), (v), (vi) and (viii) shall be omitted;

Amendment of section 35B

8. In section 35B of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1981,—

(a) in clause (b), sub-clauses (ii), (iii), (v), (vi) and (viii) shall be omitted;

(b) for Explanation 2 below clause (b), the following Explana-tion shall be substituted, namely: —

"Explanation 2.-For the removal of doubts, it is hereby . declared that notiiing in clause (b) shall be construed to include : any expenditure which is in the nature of purchasing and manu-facturing expenses ordinarily debitable to the trading or manufacturing account and not to the profit and loss account.".

[Finance (No.

2) Act, 1980]

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Section 8, The Finance Act, 1980 (Act 44 of 1980).

Cross-references

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

Referred to by 1

  1. s. 53 Amendment of Act 38 of 1974

Questions about Section 8

What does Section 8 of the Finance Act deal with?

Section 8 of the Finance Act is headed "Amendment of section 35B". Amendment of section 35B 8. In section 35B of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1981,— (a) in clause (b), sub-clauses (ii), (iii), (v), (vi) and (viii) shall be omitted;

How do I find court cases under Section 8 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 1980 8, section 8 Finance Act 1980, section 8 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 8 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1980 as Act 44 of 1980. India Code records no commencement date for it. 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.