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Section46
The Finance Act, 2007

Amendment of section 142

In force As on 07 Oct 2026

Ministry Finance

Section 46 of the Finance Act, 2007 deals with amendment of section 142. Amendment of section 142. 46. In section 142 of the Income-tax Act,— (a ) in sub-section (2A), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:— " Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the as

Amendment of section 142.

46. In section 142 of the Income-tax Act,—

(a ) in sub-section (2A), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:—

" Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the assessee has been given a reasonable opportunity of being heard.";

(b ) in sub-section (2D), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:—

" Provided that where any direction for audit under sub-section (2A) is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, such audit (including the remuneration of the Accountant) shall be determined by the Chief Commissioner or Commissioner in accordance with such guidelines as may be prescribed and the expenses so determined shall be paid by the Central Government.".

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Section 46, The Finance Act, 2007.

Cross-references

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

This section refers to

  1. s. 142 Amendment of section 14 of Act 74 of 1956
  2. Income-tax Act s. 142 Inquiry before assessment

Questions about Section 46

What does Section 46 of the Finance Act deal with?

Section 46 of the Finance Act is headed "Amendment of section 142". Amendment of section 142. 46. In section 142 of the Income-tax Act,— (a ) in sub-section (2A), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:— " Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the as

How do I find court cases under Section 46 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 2007 46, section 46 Finance Act 2007, section 46 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 46 of the Finance Act, and has it changed?

Its own text turns on section 142 (Amendment of section 14 of Act 74 of 1956), Income-tax Act 142 (Inquiry before assessment), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2007. 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.