Amendment of section 147
Section 69 of the Finance Act, 2016 deals with amendment of section 147. Amendment of section 147. 69. In section 147 of the Income-tax Act, in Explanation 2, after clause (c), the following clause shall be inserted with effect from the 1st day of June, 2016, namely:— "(ca) | where a return of income has not been furnished by the assessee or a return of income has been f The Act was enacted on 27 Jun 2016.
Amendment of section 147.
69. In section 147 of the Income-tax Act, in Explanation 2, after clause (c), the following clause shall be inserted with effect from the 1st day of June, 2016, namely:—
Section 69, The Finance Act, 2016.
"(ca) where a return of income has not been furnished by the assessee or a return of income has been furnished by him and on the basis of information or document received from the prescribed income-tax authority, under sub-section (2) of section 133C, it is noticed by the Assessing Officer that the income of the assessee exceeds the maximum amount not chargeable to tax, or as the case may be, the assessee has understated the income or has claimed excessive loss, deduction, allowance or relief in the return;".
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
Questions about Section 69
What does Section 69 of the Finance Act deal with?
Section 69 of the Finance Act is headed "Amendment of section 147". Amendment of section 147. 69. In section 147 of the Income-tax Act, in Explanation 2, after clause (c), the following clause shall be inserted with effect from the 1st day of June, 2016, namely:— "(ca) | where a return of income has not been furnished by the assessee or a return of income has been f
How do I find court cases under Section 69 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 69, section 69 Finance Act 2016, section 69 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 69 of the Finance Act, and has it changed?
Its own text turns on section 147 (Amendment of Second Schedule), Income-tax Act 147 (Income escaping assessment), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 69 of the Finance Act enacted?
Section 69 of the Finance Act, cited as Finance Act 2016 69, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule21791 words
- Eighth Schedule. Eighth Schedule19903 words
- First Schedule. First Schedule8145 words
- 2. Income-tax3742 words
- 222. Insertion of new Chapter III F2100 words
- 70. Substitution of new section for section 1531931 words
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