# The Finance Act, 1988, Section 88: Amendment of Act 4 of 1988

- Act: The Finance Act, 1988 (Act 26 of 1988)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1988/section/88/

## Text

Amendment of Act 4 of 1988 88. In the Direct Tax Laws (Amendment) Act, 1987,— (a) in section 36, clause (a) shall be omitted; (b) in section 37,— (i) in clause (i), after the words, brackets and figure "in sub-section (1),", the words, figures and letters "with effect from the 1st day of April, 1988," shall be inserted; (ii) in clause (b), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (c) in section 38, the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (d) section 92 shall be omitted; (e) in section 128.— (i) in clause (i), the words, figures and letters "with effect from the 1st day of April, 1988" shall he inserted at the end; (ii) in clause (ii), after the words "shall be inserted", the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted; (iii) in clause (iii), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (iv) in clause (vii), after the words "shall be substituted", the words, figures and letters "with effect from the 1st day of. April, 1988" shall be inserted; (f) in section 153. clause (a) shall be omitted; (g) in section 154,— (i) in clause (1),— (A) in sub-clause (b), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (B) in sub-clause (f), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (ii) in clause (2), in sub-clause (b), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (h) in section 155, in clause (a), in sub-clause (ii), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (i) in section 158, after the words "shall be inserted", the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted; (j) in section 162,— (i) in clause (a), the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted at the end; (ii) in clause (b), after the words "shall be inserted", the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted; (iii)or clause (c), the following clause shall be substituted, namely:— "(c) (i clauses (vi), (via),  (viia), (xiii), (xv),(xvi) and (xvia) shall be omitted with effect from the 1st day of April, 1988; (ii) clause (xvii) shall be omitted;"; (iv) in clause (g), after the words "shall be inserted", the words, figures and letters "with effect from the 1st day of April, 1988" shall be inserted; (k) in section 182, clause (a) shall be omitted. [Finance Act, 1988] © Copyright. Taxmann Publications Pvt. Ltd.

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