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Section81
The Finance Act, 1987

Amendment of section 22D

In force Act 11 of 1987 As on 15 Oct 2026

Act 11 of 1987 Ministry Finance

Section 81 of the Finance Act, 1987 deals with amendment of section 22D. Amendment of section 22D 81. In section 22D of the Wealth-tax Act, with effect from the 1st day of June, 1987,- (a)after sub-section (4), the following sub-section shall be inserted, namely:— " (5) Subject to the provisions of section 22BA, the materials brought on record before the Settlement Commi

Amendment of section 22D

81. In section 22D of the Wealth-tax Act, with effect from the 1st day of June, 1987,-

(a)after sub-section (4), the following sub-section shall be inserted, namely:—

" (5) Subject to the provisions of section 22BA, the materials brought on record before the Settlement Commission shall be considered by the Members of the concerned Bench before passing any order under sub-section (4) ,and, in relation to the passing of such order, the provisions of section 22BD shall apply.";

(b) in sub-section (6), for the Words "tax or penalty", the words "tax, penalty or interest" shall be substituted.

[Finance Act, 1987]

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Section 81, 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.

This section refers to

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

Questions about Section 81

What does Section 81 of the Finance Act deal with?

Section 81 of the Finance Act is headed "Amendment of section 22D". Amendment of section 22D 81. In section 22D of the Wealth-tax Act, with effect from the 1st day of June, 1987,- (a)after sub-section (4), the following sub-section shall be inserted, namely:— " (5) Subject to the provisions of section 22BA, the materials brought on record before the Settlement Commi

How do I find court cases under Section 81 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 81, section 81 Finance Act 1987, section 81 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 81 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 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

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.