Insertion of new section 174A
Section 69 of the Finance Act, 2002 deals with insertion of new section 174A. Insertion of new section 174A. 69. In Chapter XV of the Income-tax Act, after section 174 and before the sub-heading "K.—Persons trying to alienate their assets", the following sub-heading and section shall be inserted, namely:— "JA.— Association of persons or body of individuals or artificial jurid
Insertion of new section 174A.
69. In Chapter XV of the Income-tax Act, after section 174 and before the sub-heading "K.—Persons trying to alienate their assets", the following sub-heading and section shall be inserted, namely:—
"JA.— Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
174A. Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose.— Notwithstanding anything contained in section 4, where it appears to the Assessing Officer that any association of persons or a body of individuals or an artificial juridical person, formed or established or incorporated for a particular event or purpose is likely to be dissolved in the assessment year in which such association of persons or a body of individuals or an artificial juridical person was formed or established or incorporated or immediately after such assessment year, the total income of such association or body or juridical person for the period from the expiry of the previous year for that assessment year up to the date of its dissolution shall be chargeable to tax in that assessment year, and the provisions of sub-sections (2) to (6) of section 174 shall, so far as may be, apply to any proceedings in the case of any such person as they apply in the case of persons leaving India.".
© Copyright. Taxmann Publications Pvt. Ltd.
Section 69, 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
Questions about Section 69
What does Section 69 of the Finance Act deal with?
Section 69 of the Finance Act is headed "Insertion of new section 174A". Insertion of new section 174A. 69. In Chapter XV of the Income-tax Act, after section 174 and before the sub-heading "K.—Persons trying to alienate their assets", the following sub-heading and section shall be inserted, namely:— "JA.— Association of persons or body of individuals or artificial jurid
How do I find court cases under Section 69 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 69, section 69 Finance Act 2002, section 69 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 69 of the Finance Act, and has it changed?
Its own text turns on section 4 (Amendment of section 10), 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
- First Schedule. First Schedule5753 words
- 4. Amendment of section 102120 words
- 2. Income-tax1821 words
- 60. Amendment of section 143781 words
- 21. Substitution of new section for section 43A780 words
- 57. Substitution of new section for section 132B724 words
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.