Amendment of section 132
Section 34 of the Finance Act, 1988 deals with amendment of section 132. Amendment of section 132 34. In section 132 of the Income-tax Act, with effect from the 1st day of April, 1989,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— "Provided further that where it is not possible or practicable to take physical possession of
Amendment of section 132
34. In section 132 of the Income-tax Act, with effect from the 1st day of April, 1989,—
(a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:—
"Provided further that where it is not possible or practicable to take physical possession of any valuable article or thing and remove it to a safe place due to its volume, weight or other physical characteristics or due to its being of a dangerous nature, the authorised officer may serve an order on the owner or the person who is in immediate possession or control thereof that he shall not remove, part with or otherwise deal with it, except with the previous permission of such authorised officer and such action of the authorised officer shall be deemed to be seizure of such valuable article or thing under clause (iii).";
(b) in sub-section (3), after the words "other valuable article or thing,", the words, brackets and figure "for reasons other than those mentioned in the second proviso to sub-section (1)," shall be inserted.
[Finance Act, 1988]
© Copyright. Taxmann Publications Pvt. Ltd.
Section 34, The Finance Act, 1988 (Act 26 of 1988).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 34
What does Section 34 of the Finance Act deal with?
Section 34 of the Finance Act is headed "Amendment of section 132". Amendment of section 132 34. In section 132 of the Income-tax Act, with effect from the 1st day of April, 1989,— (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:— "Provided further that where it is not possible or practicable to take physical possession of
How do I find court cases under Section 34 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 1988 34, section 34 Finance Act 1988, section 34 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 34 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 132 (Search and seizure), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1988 as Act 26 of 1988. 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 Schedule7045 words
- 2. Income-tax2162 words
- 4. Amendment of section 101079 words
- 6. Insertion of new section 10B1066 words
- 24. Amendment of section 80HHC788 words
- 40. Insertion of new section 206C687 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.