Removal of doubts

Q: When was Section 197 of the Finance Act enacted?

Section 197 of the Finance Act, cited as Finance Act 2016 197, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

In force As on 05 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 1 provision

Section 197 of the Finance Act, 2016 deals with removal of doubts. Removal of doubts. 197. For the removal of doubts, it is hereby declared that— (a) | save as otherwise expressly provided in sub-section (1) of section 183, nothing contained in this Scheme shall be construed as conferring any benefit, concession or immunity on any person other than the person makin The Act was enacted on 27 Jun 2016.

Removal of doubts.
197. For the removal of doubts, it is hereby declared that—
(a) save as otherwise expressly provided in sub-section (1) of section 183, nothing contained in this Scheme shall be construed as conferring any benefit, concession or immunity on any person other than the person making the declaration under this Scheme;
(b) where any declaration has been made under section 183 but no tax, surcharge and penalty referred to in section 184 and section 185 has been paid within the time specified under section 187, the undisclosed income shall be chargeable to tax under the Income-tax Act in the previous year in which such declaration is made;
(c) where any income has accrued, arisen or received or any asset has been acquired out of such income prior to commencement of this Scheme, and no declaration in respect of such income is made under this Scheme,—
(i) such income shall be deemed to have accrued, arisen or received, as the case may be; or
(ii) the value of the asset acquired out of such income shall be deemed to have been acquired or made,
in the year in which a notice under section 142, sub-section (2) of section 143 or section 148 or section 153A or section 153C of the Income-tax Act is issued by the Assessing Officer, and the provisions of the Income-tax Act shall apply accordingly.
Section 197, The Finance Act, 2016.

Cross-references

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

This section refers to

Referred to by 1

s. 85 Amendment of section 197

Questions about Section 197

What does Section 197 of the Finance Act deal with?

Section 197 of the Finance Act is headed "Removal of doubts". Removal of doubts. 197. For the removal of doubts, it is hereby declared that— (a) | save as otherwise expressly provided in sub-section (1) of section 183, nothing contained in this Scheme shall be construed as conferring any benefit, concession or immunity on any person other than the person makin

How do I find court cases under Section 197 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 2016 197, section 197 Finance Act 2016, section 197 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 197 of the Finance Act, and has it changed?

Its own text turns on section 142 (Amendment of section 5A), section 143 (Amendment of section 11A), section 148 (Amendment of section 65B), section 183 (Declaration of undisclosed income), and on 4 further provisions, so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 197 of the Finance Act enacted?

Section 197 of the Finance Act, cited as Finance Act 2016 197, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

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(a)		save as otherwise expressly provided in sub-section (1) of section 183, nothing contained in this Scheme shall be construed as conferring any benefit, concession or immunity on any person other than the person making the declaration under this Scheme;
(b)		where any declaration has been made under section 183 but no tax, surcharge and penalty referred to in section 184 and section 185 has been paid within the time specified under section 187, the undisclosed income shall be chargeable to tax under the Income-tax Act in the previous year in which such declaration is made;
(c)		where any income has accrued, arisen or received or any asset has been acquired out of such income prior to commencement of this Scheme, and no declaration in respect of such income is made under this Scheme,—

(i)		such income shall be deemed to have accrued, arisen or received, as the case may be; or
(ii)		the value of the asset acquired out of such income shall be deemed to have been acquired or made,