eCourtsIndia
IndiaCode Laws
Section66
The Finance Act, 2002

Amendment of section 158BC

In force As on 11 Oct 2026

Ministry Finance

Section 66 of the Finance Act, 2002 deals with amendment of section 158BC. Amendment of section 158BC. 66. In section 158BC of the Income-tax Act, — (a ) in clause (b), for the words and figures "and section ", the words and figures ", section 144 and section " shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 1995;

Amendment of section 158BC.

66. In section 158BC of the Income-tax Act, —

(a ) in clause (b), for the words and figures "and section 144", the words and figures ", section 144 and section 145" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 1995;

(b ) for clause (d), the following clause shall be substituted with effect from the 1st day of June, 2002, namely:—

"(d) the assets seized under section 132 or requisitioned under section 132A shall be dealt with in accordance with the provisions of section 132B.".

© Copyright. Taxmann Publications Pvt. Ltd.

Section 66, The Finance Act, 2002.

Cross-references

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

This section refers to

  1. Income-tax Act s. 158BC Procedure for block assessment

Questions about Section 66

What does Section 66 of the Finance Act deal with?

Section 66 of the Finance Act is headed "Amendment of section 158BC". Amendment of section 158BC. 66. In section 158BC of the Income-tax Act, — (a ) in clause (b), for the words and figures "and section ", the words and figures ", section 144 and section " shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 1995;

How do I find court cases under Section 66 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 2002 66, section 66 Finance Act 2002, section 66 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 66 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 158BC (Procedure for block assessment), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2002. 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.