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Section72
The Finance Act, 1988

Substitution of new authorities

In force Act 26 of 1988 As on 16 Oct 2026

Act 26 of 1988 Ministry Finance Cited by 1 provision

Section 72 of the Finance Act, 1988 deals with substitution of new authorities. Expenditure-tax Substitution of new authorities 72.

Expenditure-tax

Substitution of new authorities

72. In the Expenditure-tax Act, 1987 (hereinafter referred to as the 35 of 1987. Expenditure-tax Act), save as otherwise expressly provided herein, the references to any authorities specified in column (1) of the Table below shall be substituted by references to the authority or authorities specified in the corresponding entries in column (2) of the said Table and such consequential changes, as the rules of grammar may require, shall also be made.

TABLE

(1)(2)
CommissionerChief Commissioner or Commissioner
Inspecting Assistant CommissionerDeputy Commissioner
Income-tax OfficerAssessing Officer:

Provided that nothing contained in this section shall apply to the reference to "Commissioner" occurring in sections 21 and 23.

[Finance Act, 1988]

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Section 72, 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. 21 Amendment of section 79
  2. s. 23 Substitution of new section for section 80CCA

Referred to by 1

  1. s. 6 Insertion of new section 10B

Questions about Section 72

What does Section 72 of the Finance Act deal with?

Section 72 of the Finance Act is headed "Substitution of new authorities". Expenditure-tax Substitution of new authorities 72.

How do I find court cases under Section 72 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 72, section 72 Finance Act 1988, section 72 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 72 of the Finance Act, and has it changed?

Its own text turns on section 21 (Amendment of section 79), section 23 (Substitution of new section for section 80CCA), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

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.