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Section63
The Finance Act, 1988

Amendment of section 34C

In force Act 26 of 1988 As on 15 Oct 2026

Act 26 of 1988 Ministry Finance

Section 63 of the Finance Act, 1988 deals with amendment of section 34C. Substitution of new section for section 35-I 63.

Substitution of new section for section 35-I

63. For section 35-I of the Wealth-tax Act, the following section shall be substituted with effect from the 1st day of April, 1989, namely:—

Prosecutions to be with the Previous sanction of certain wealth tax authorities and their power to compound offences

"35-1. (1) A person shall not be proceeded against for an offence under this Act except with the previous sanction of the Chief Commissioner or Director General or Commissioner:

Provided that no such sanction shall be required if the prosecution is at the instance of the Commissioner (Appeals).

(2) Any such offence may, either before or after the institution of proceedings, be compounded by—

(a) the Board or a Chief Commissioner or a Director General authorised by the Board in this behalf, in a case where the prosecution would lie at the instance of the Commissioner (Appeals);

(b) the Chief Commissioner or Director General or Commissioner, in any other case.". :i

[Finance Act, 1988]

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Section 63, 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

  1. s. 35 Amendment of section 139

Questions about Section 63

What does Section 63 of the Finance Act deal with?

Section 63 of the Finance Act is headed "Amendment of section 34C". Substitution of new section for section 35-I 63.

How do I find court cases under Section 63 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 63, section 63 Finance Act 1988, section 63 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 63 of the Finance Act, and has it changed?

Its own text turns on section 35 (Amendment of section 139), 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

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.