Insertion of new section 293C
Section 79 of the Finance Act, 2009 deals with insertion of new section 293C. Insertion of new section 293C. 79. After section 293B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of October, 2009, namely :— "293C.
Insertion of new section 293C.
79. After section 293B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of October, 2009, namely :—
"293C. Power to withdraw approval.—Where the Central Government or the Board or an income-tax authority, who has been conferred upon the power under any provision of this Act to grant any approval to any assessee, the Central Government or the Board or such authority may, notwithstanding that a provision to withdraw such approval has not been specifically provided for in such provision, withdraw such approval at any time :
Provided that the Central Government or Board or income-tax authority shall, after giving a reasonable opportunity of showing cause against the proposed withdrawal to the assessee concerned, at any time, withdraw the approval after recording the reasons for doing so.".
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Section 79, The Finance Act, 2009.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 79
What does Section 79 of the Finance Act deal with?
Section 79 of the Finance Act is headed "Insertion of new section 293C". Insertion of new section 293C. 79. After section 293B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of October, 2009, namely :— "293C.
How do I find court cases under Section 79 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 2009 79, section 79 Finance Act 2009, section 79 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 79 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 293B (Power of Central Government or Board to condone delays in obtaining approval), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2009. 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
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- 13. Insertion of new section 35AD1148 words
- 61. Substitution of new section for section 194C936 words
- 37. Amendment of section 80-IB761 words
- 56. Insertion of new section 144C751 words
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