Amendment of section 80CC
Section 16 of the Finance Act, 1985 deals with amendment of section 80CC. Amendment of section 80CC. 16. In section 80CC of the Income-tax Act, in sub-section (3), in clause (a),— (a) for the words "with the main object of carrying on the business of",— the words "and the issue is wholly and exclusively for the purposes of carrying on the business of—" shall be substitute
Amendment of section 80CC.
16. In section 80CC of the Income-tax Act, in sub-section (3), in clause (a),—
(a) for the words "with the main object of carrying on the business of",— the words "and the issue is wholly and exclusively for the purposes of carrying on the business of—" shall be substituted;
(b) in the proviso, the words "formed and registered in India with the main object of" shall be omitted.
[Finance Act, 1985]
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Section 16, The Finance Act, 1985 (Act 32 of 1985).
Questions about Section 16
What does Section 16 of the Finance Act deal with?
Section 16 of the Finance Act is headed "Amendment of section 80CC". Amendment of section 80CC. 16. In section 80CC of the Income-tax Act, in sub-section (3), in clause (a),— (a) for the words "with the main object of carrying on the business of",— the words "and the issue is wholly and exclusively for the purposes of carrying on the business of—" shall be substitute
How do I find court cases under Section 16 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 1985 16, section 16 Finance Act 1985, section 16 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 the Finance Act enacted?
Finance Act was enacted in 1985 as Act 32 of 1985. 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
- First Schedule. First Schedule6768 words
- 2. Income tax2478 words
- 7. Insertion of new section 33AB537 words
- 19. Substitution of new section for section 80HHC505 words
- 10. Amendment of section 36379 words
- 36. Consequential amendments370 words
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