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Section23
The Finance Act, 2015

Amendment of section 80JJAA

In force Act 20 of 2015 As on 10 Oct 2026

Act 20 of 2015 Ministry Finance

Section 23 of the Finance Act, 2015 deals with amendment of section 80JJAA. Amendment of section 80JJAA. 23. In section 80JJAA of the Income-tax Act, with effect from the 1st day of April, 2016,— (a) | in sub-section (1), the words "being an Indian company," shall be omitted;

Amendment of section 80JJAA.

23. In section 80JJAA of the Income-tax Act, with effect from the 1st day of April, 2016,—

(a)in sub-section (1), the words "being an Indian company," shall be omitted;
(b)in sub-section (2), for clause (a), the following clause shall be substituted, namely:—
"(a) if the factory is acquired by the assessee by way of transfer from any other person or as a result of any business re-organisation;";
(c)in the Explanation, in clause (i), for the words "one hundred workmen", the words "fifty workmen" shall be substituted.
Section 23, The Finance Act, 2015 (Act 20 of 2015).

Questions about Section 23

What does Section 23 of the Finance Act deal with?

Section 23 of the Finance Act is headed "Amendment of section 80JJAA". Amendment of section 80JJAA. 23. In section 80JJAA of the Income-tax Act, with effect from the 1st day of April, 2016,— (a) | in sub-section (1), the words "being an Indian company," shall be omitted;

How do I find court cases under Section 23 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 23, section 23 Finance Act 2015, section 23 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

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.