Amendment of section 17A
Section 97 of the Finance Act, 2001 deals with amendment of section 17A. Amendment of section 17A. 97. In section 17A of the Wealth-tax Act, with effect from the 1st day of June, 2001,— (a) in sub-section (2),— (i) for the words "two years", the words "one year" shall be substituted;
Amendment of section 17A.
97. In section 17A of the Wealth-tax Act, with effect from the 1st day of June, 2001,—
(a) in sub-section (2),—
(i) for the words "two years", the words "one year" shall be substituted;
(ii) for the proviso, the following proviso shall be substituted, namely:—
"Provided that where the notice under sub-section (1) of section 17 was served on or after the 1st day of April, 1999 but before the 1st day of April, 2000, such assessment or reassessment may be made at any time up to the 31st day of March, 2002.";
(iii) the Explanation shall be omitted;
(b) in sub-section (3),—
(i) for the words "two years", the words "one year" shall be substituted;
(ii) for the figures "23" at both the places where they occur, the figures and letter "23A" shall be substituted;
(iii) for the proviso, the following proviso shall be substituted, namely,—
"Provided that where the order under section 23A or section 24 is received by the Chief Commissioner or Commissioner or, as the case may be, the order under section 25 is passed by the Commissioner, on or after the 1st day of April, 1999 but before the 1st day of April, 2000, such an order of fresh assessment may be made at any time up to the 31st day of March, 2002.".
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Section 97, The Finance Act, 2001.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 97
What does Section 97 of the Finance Act deal with?
Section 97 of the Finance Act is headed "Amendment of section 17A". Amendment of section 17A. 97. In section 17A of the Wealth-tax Act, with effect from the 1st day of June, 2001,— (a) in sub-section (2),— (i) for the words "two years", the words "one year" shall be substituted;
How do I find court cases under Section 97 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 2001 97, section 97 Finance Act 2001, section 97 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 97 of the Finance Act, and has it changed?
Its own text turns on section 17 (Amendment of section 25A), section 24 (Insertion of new section 35DDA), section 25 (Amendment of section 36), Wealth-tax Act 17A (Time limit for completion of assessment and reassessment), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2001. 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 Schedule5812 words
- 49. Substitution of new sections for section 922093 words
- 2. Income-tax1972 words
- 5. Amendment of section 101262 words
- 44. Amendment of section 80-IA857 words
- 52. Substitution of new section for section 115AC851 words
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