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Section22
The Finance Act, 1981

Insertion of new section 293A

In force Act 16 of 1981 As on 18 Oct 2026

Act 16 of 1981 Ministry Finance

Section 22 of the Finance Act, 1981 deals with insertion of new section 293A. Insertion of new section 293A. 22. After section 293 of the Income-tax Act, the following section shall be inserted, namely:— '293A.

Insertion of new section 293A.

22. After section 293 of the Income-tax Act, the following section shall be inserted, namely:—

'293A. Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.—(1) If the Central Government is satisfied that it is necessary or expedient so to do in the public interest, it may, by notification in the Official Gazette, make an exemption, reduction in rate or other modification in respect of income-tax in favour of any class of persons specified in sub-section (2) or in regard to the whole or any part of the income of such class of persons.

(2) The persons referred to in sub-section (J) are the following, namely:—

(a) persons with whom the Central Government has entered into agreements for the association or participation of that Government or any person authorised by that Government in any business consisting of the prospecting for or extraction or production of mineral oils;

(b) persons providing any services or facilities or supplying any ship, aircraft, machinery or plant (whether by way of sale or hire) in connection with any business consisting of the prospecting for or extraction or production of mineral oils carried on by that Government or any person specified by that Government in this behalf by notification in the Official Gazette; and

(c) employees of the persons referred to in clause (a) or clause (b).

(3) Every notification issued under this section shall be laid before each House of Parliament.

Explanation.—For the purposes of this section, "mineral oil" includes petroleum and natural gas.'.

[Finance Act, 1981]

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Section 22, The Finance Act, 1981 (Act 16 of 1981).

Cross-references

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

This section refers to

  1. Income-tax Act s. 293 Bar of suits in civil courts

Questions about Section 22

What does Section 22 of the Finance Act deal with?

Section 22 of the Finance Act is headed "Insertion of new section 293A". Insertion of new section 293A. 22. After section 293 of the Income-tax Act, the following section shall be inserted, namely:— '293A.

How do I find court cases under Section 22 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 1981 22, section 22 Finance Act 1981, section 22 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 22 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 293 (Bar of suits in civil courts), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1981 as Act 16 of 1981. 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.