Section71
The Finance Act, 1988

Amendment of section 42

In force Act 26 of 1988 As on 15 Oct 2026

Act 26 of 1988 Ministry Finance

Section 71 of the Finance Act, 1988 deals with amendment of section 42. Amendment of section 42 71. In section 42 of the Gift-tax Act, for the words "any order made", the words "any proceeding taken or order made" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of March, 1988.

Amendment of section 42

71. In section 42 of the Gift-tax Act, for the words "any order made", the words "any proceeding taken or order made" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of March, 1988.

[Finance Act, 1988]

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Section 71, 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.

Questions about Section 71

What does Section 71 of the Finance Act deal with?

Section 71 of the Finance Act is headed "Amendment of section 42". Amendment of section 42 71. In section 42 of the Gift-tax Act, for the words "any order made", the words "any proceeding taken or order made" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of March, 1988.

How do I find court cases under Section 71 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 71, section 71 Finance Act 1988, section 71 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 71 of the Finance Act, and has it changed?

Its own text turns on section 42 (Insertion of new section 245DD), Gift-tax Act 42 (Bar of suits in civil court), 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.