Substitution of new section for section 22A
Section 77 of the Finance Act, 1987 deals with substitution of new section for section 22A. Substitution of new section for section 22A 77.
Substitution of new section for section 22A
77. For section 22A of the Wealth-tax Act, the following Section shall be substituted with effect from the lst day of June, 1987, namely: —
Definitions
'22A. In this Chapter, unless the context otherwise requires,—
(a) "Bench" means a Bench of the Settlement Commission;
(b) "case" means any proceeding under this Act for the assessment or re-assessment of any person in respect of any year or years, or by way of Appeal or revision in connection with such assessment or re-assessment, which may he pending before any Wealth-tax authority on the date on which an application under sub-section (1) of section 22C is made:
Provided that where any appeal or application for revision has been preferred after the expiry of the period specified for the filing of such appeal or application for revision under this Act and which has not been admitted, such appeal or revision shall not be deemed to be a proceeding pending within the meaning of this clause;
(c) "Chairman" means the Chairman of the Settlement Commission;
(d) "Member" means a Member of the Settlement Commission, and includes the Chairman and a Vice-Chairman;
(e) "Settlement Commission" means the Income-tax Settlement Commission constituted under section 245B of the Income-tax Act;
(f) "Vice-Chairman" means a Vice-Chairman of the Settlement Commission;
(g) "Wealth-tax authority" means an income-tax authority specified in section 116 of the Income-tax Act who is treated as a Wealth-tax authority under section 8.'.
[Finance Act, 1987]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 77, The Finance Act, 1987 (Act 11 of 1987).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 77
What does Section 77 of the Finance Act deal with?
Section 77 of the Finance Act is headed "Substitution of new section for section 22A". Substitution of new section for section 22A 77.
How do I find court cases under Section 77 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 1987 77, section 77 Finance Act 1987, section 77 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 77 of the Finance Act, and has it changed?
Its own text turns on section 8 (Amendment of section 33AB), Income-tax Act 116 (Income-tax authorities), Income-tax Act 245B (Income-tax Settlement Commission), Wealth-tax Act 22A (Definitions), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 1987 as Act 11 of 1987. 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 Schedule6061 words
- 2. Income-tax1675 words
- 32. Amendment of section 80C1059 words
- 24. Insertion of new section 54G901 words
- 59. Insertion of new sections 245BA to 245BD752 words
- 79. Insertion of new sections 22BA to 22BD748 words
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.