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Section154
The Finance Act, 2015

Amendment of section 97

In force Act 20 of 2015 As on 07 Oct 2026

Act 20 of 2015 Ministry Finance Cited by 1 provision

Section 154 of the Finance Act, 2015 deals with amendment of section 97. CHAPTER VIII MISCELLANEOUS PART VIII AMENDMENTS TO THE FINANCE (NO.

CHAPTER VIII

MISCELLANEOUS

PART VIII

AMENDMENTS TO THE FINANCE (NO.

2) ACT, 2004

******

Amendment of section 97.

154. In section 97 of the 2004 Act, with effect from the 1st day of June, 2015,—

(i)after clause (5A), the following clause shall be inserted, namely:—
'(5AA)"initial offer" shall have the meaning assigned to it in,—
(i)clause (q) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992), in case of a business trust being a real estate investment trust;
(ii)clause (v) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992), in case of a business trust being an infrastructure investment trust;';
(ii)in clause (13), after sub-clause (aa), the following sub-clause shall be inserted, namely:—
"(ab)sale of unlisted units of a business trust by any holder of such units which were acquired in consideration of a transfer referred to in clause (xvii) of section 47 of the Income-tax Act, 1961 (43 of 1961) under an offer for sale to the public included in an initial offer and where such units are subsequently listed on a recognised stock exchange; or".
Section 154, The Finance Act, 2015 (Act 20 of 2015).

Cross-references

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

This section refers to

  1. s. 97 Amendment of section 32B
  2. Income-tax Act s. 47 Transactions not regarded as transfer

Referred to by 1

  1. s. 38 Amendment of section 154

Questions about Section 154

What does Section 154 of the Finance Act deal with?

Section 154 of the Finance Act is headed "Amendment of section 97". CHAPTER VIII MISCELLANEOUS PART VIII AMENDMENTS TO THE FINANCE (NO.

How do I find court cases under Section 154 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 2015 154, section 154 Finance Act 2015, section 154 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 154 of the Finance Act, and has it changed?

Its own text turns on section 97 (Amendment of section 32B), Income-tax Act 47 (Transactions not regarded as transfer), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2015 as Act 20 of 2015. 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.