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Section70
The Finance Act, 1998

Amendment of section 24

In force As on 17 Oct 2026

Ministry Finance

Section 70 of the Finance Act, 1998 deals with amendment of section 24. Amendment of section 24. 70. In section 24 of the Wealth-tax Act, with effect from the 1st day of October, 1998,— (a ) in sub-section (1), after the word and figures "section ", the word, figures and letter "or section 23A" shall be insert­ed;

Amendment of section 24.

70. In section 24 of the Wealth-tax Act, with effect from the 1st day of October, 1998,—

(a ) in sub-section (1), after the word and figures "section 23", the word, figures and letter "or section 23A" shall be insert­ed;

(b ) in sub-section (2), for the words, figures and brackets "a Deputy Commissioner (Appeals) or a Commissioner (Appeals) under section 23", the words, figures, brackets and letter "a Commissioner (Appeals) under sub-section (10) of section 23A" shall be substitut­ed;

(c ) in sub-section (2A), the words and brackets "the Deputy Commissioner (Appeals) or", at both the places where they occur, shall be omitted;

(d ) in sub-section (4) for the words "two hundred rupees", the words "one thousand rupees" shall be substituted.

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Section 70, The Finance Act, 1998.

Cross-references

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

This section refers to

  1. s. 23 Insertion of new section 50A
  2. s. 24 Amendment of section 54H
  3. Wealth-tax Act s. 24 Appeal to the Appellate Tribunal from orders of the [Deputy Commissioner (Appeals)

Questions about Section 70

What does Section 70 of the Finance Act deal with?

Section 70 of the Finance Act is headed "Amendment of section 24". Amendment of section 24. 70. In section 24 of the Wealth-tax Act, with effect from the 1st day of October, 1998,— (a ) in sub-section (1), after the word and figures "section ", the word, figures and letter "or section 23A" shall be insert­ed;

How do I find court cases under Section 70 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 1998 70, section 70 Finance Act 1998, section 70 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 70 of the Finance Act, and has it changed?

Its own text turns on section 23 (Insertion of new section 50A), section 24 (Amendment of section 54H), Wealth-tax Act 24 (Appeal to the Appellate Tribunal from orders of the [Deputy Commissioner (Appeals)), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 1998. 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.