Amendment of section 119
Section 42 of the Finance Act, 1991 deals with amendment of section 119. Amendment of section 119. 42. In section 119 of the Income-tax Act, in sub-section (2),— (i) in clause (a), for the figures and letters "210, 234A, 234B", the words, brackets, figures and letters "subjection (1A) of section 201, sections 210, 211, 234A, 234B, 234C" shall be substituted;
Amendment of section 119.
42. In section 119 of the Income-tax Act, in sub-section (2),—
(i) in clause (a), for the figures and letters "210, 234A, 234B", the words, brackets, figures and letters "subjection (1A) of section 201, sections 210, 211, 234A, 234B, 234C" shall be substituted;
(ii) after clause (b), the following clause shall be inserted, with effect from the 1st day of October, 1991, namely: —
" (c) the Board may, if it considers it desirable or expedient so to do for avoiding genuine hardship in any case or class of cases, by general or special order for reasons to be specified therein, relax any requirement contained in any of the provisions of Chapter IV or Chapter VI-A, where the assessee has failed to comply with any requirement specified in such provision for claiming deduction there under, subject to the following conditions, namely:—
(i) the default in complying with such requirement was due to circumstances beyond the control of the assessee; and
(ii) the assessee has complied with such requirement before the completion of assessment in relation to the previous year in which such deduction is claimed:
Provided that the Central Government shall cause every order issued under this clause to be laid before each House of Parliament.".
[Finance (No.
2) Act, 1991]
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Section 42, The Finance Act, 1991 (Act 49 of 1991).
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Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 42
What does Section 42 of the Finance Act deal with?
Section 42 of the Finance Act is headed "Amendment of section 119". Amendment of section 119. 42. In section 119 of the Income-tax Act, in sub-section (2),— (i) in clause (a), for the figures and letters "210, 234A, 234B", the words, brackets, figures and letters "subjection (1A) of section 201, sections 210, 211, 234A, 234B, 234C" shall be substituted;
How do I find court cases under Section 42 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 1991 42, section 42 Finance Act 1991, section 42 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 42 of the Finance Act, and has it changed?
Its own text turns on section 119 (Amendment of section 31), Income-tax Act 119 (Instructions to subordinate authorities), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1991 as Act 49 of 1991. 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 Schedule7022 words
- 2. Income-tax2374 words
- 32. Insertion of new section 80-IA2233 words
- 101. Substitution of new sections for sections 11 to 131889 words
- 5. Amendment of section 101415 words
- 28. Amendment of section 80HHC1101 words
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