Section87
The Finance Act, 1987

Omission of section 22M

In force Act 11 of 1987 As on 17 Oct 2026

Act 11 of 1987 Ministry Finance

Section 87 of the Finance Act, 1987 deals with omission of section 22M. Omission of section 22M 87. Section 22M of the Wealth-tax Act shall be omitted with effect from the 1st day of June, 1987.

Omission of section 22M

87. Section 22M of the Wealth-tax Act shall be omitted with effect from the 1st day of June, 1987.

[Finance Act, 1987]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 87, 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 87

What does Section 87 of the Finance Act deal with?

Section 87 of the Finance Act is headed "Omission of section 22M". Omission of section 22M 87. Section 22M of the Wealth-tax Act shall be omitted with effect from the 1st day of June, 1987.

How do I find court cases under Section 87 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 87, section 87 Finance Act 1987, section 87 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 87 of the Finance Act, and has it changed?

Its own text turns on Wealth-tax Act 22M (Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission), 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.