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Section56
The Finance Act, 1994

Amendment of section 3 of Act 45 of 1974

In force Act 32 of 1994 As on 17 Oct 2026

Act 32 of 1994 Ministry Finance Enacted 13 May 1994 Instruments 1

Section 56 of the Finance Act, 1994 deals with amendment of section 3 of Act 45 of 1974. Interest-tax Amendment of section 3 of Act 45 of 1974. The Act was enacted on 13 May 1994.

Interest-tax

Amendment of section 3 of Act 45 of 1974.

56. In section 3 of the Interest-tax Act, 1974, in sub-section (3), with effect from the 1st day of June, 1994,—

(i) after the words "Income-tax Officer", the words "or Assistant Commissioner" shall be inserted;

(ii) for the words "Director of Inspection", the word "Director" shall be substituted;

(iii) for the words "Inspecting Assistant Commissioner", the words "Additional Commissioner of Income-tax or the Deputy Commissioner" shall be substituted.

[Finance Act, 1994]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 56, The Finance Act, 1994 (Act 32 of 1994).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 3 Amendment of section 2
  2. Interest-tax Act s. 3 Tax authorities

Made under this section, and citing it

1 instrument names this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 56

What does Section 56 of the Finance Act deal with?

Section 56 of the Finance Act is headed "Amendment of section 3 of Act 45 of 1974". Interest-tax Amendment of section 3 of Act 45 of 1974.

How do I find court cases under Section 56 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 1994 56, section 56 Finance Act 1994, section 56 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 56 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), Interest-tax Act 3 (Tax authorities), so none of them can safely be read on its own. One instrument names it without being made under it, most recently finance_act_2017 (2017).

When was Section 56 of the Finance Act enacted?

Section 56 of the Finance Act, cited as Finance Act 1994 56, was enacted on 13 May 1994 as Act 32 of 1994. 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.