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Section232
The Finance Act, 2016

Amendment of Act 15 of 2003

In force As on 07 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 232 of the Finance Act, 2016 deals with amendment of Act 15 of 2003. PART IX Amendment to the Prevention of Money-Laundering Act, 2002 Amendment of Act 15 of 2003. The Act was enacted on 27 Jun 2016.

PART IX

Amendment to the Prevention of Money-Laundering Act, 2002

Amendment of Act 15 of 2003.

232. In the Prevention of Money-Laundering Act, 2002 with effect from the 1st day of June, 2016,—

(a)in section 2, in sub-section (1), in clause (b), for the words "established under", the words "referred to in" shall be substituted;
(b)for section 25, the following section shall be substituted, namely:—
"25. The Appellate Tribunal constituted under sub-section (1) of section 12 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) shall be the Appellate Tribunal for hearing appeals against the orders of the Adjudicating Authority and the other authorities under this Act.";
(c)sections 27, 28, 30, 31, 32, 33 and 34 shall be omitted;
(d)in sections 36, 37, 38 and 40, for the word "Chairperson" wherever it occurs, the word "Chairman" shall be substituted;
(e)in section 73, in sub-section (2), clauses (s) and (t) shall be omitted.
Section 232, 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

  1. s. 2 Income-tax
  2. s. 25 Amendment of section 44AB
  3. s. 27 Insertion of new section 44ADA
  4. s. 28 Amendment of section 47
  5. s. 30 Amendment of section 49
  6. s. 31 Amendment of section 50C
  7. s. 32 Insertion of new section 54EE
  8. s. 33 Amendment of section 54GB
  9. s. 34 Amendment of section 55
  10. s. 36 Amendment of section 80
  11. s. 37 Amendment of section 80CCD
  12. s. 38 Substitution of new section for section 80EE
  13. s. 40 Amendment of section 80-IA
  14. s. 73 Amendment of section 194BB
  15. Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act s. 12 Constitution of Appellate Tribunal

Questions about Section 232

What does Section 232 of the Finance Act deal with?

Section 232 of the Finance Act is headed "Amendment of Act 15 of 2003". PART IX Amendment to the Prevention of Money-Laundering Act, 2002 Amendment of Act 15 of 2003.

How do I find court cases under Section 232 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 232, section 232 Finance Act 2016, section 232 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 232 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 25 (Amendment of section 44AB), section 27 (Insertion of new section 44ADA), section 28 (Amendment of section 47), and on 11 further provisions, so none of them can safely be read on its own.

When was Section 232 of the Finance Act enacted?

Section 232 of the Finance Act, cited as Finance Act 2016 232, was enacted on 27 Jun 2016. 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.