Amendment of Act 54 of 1987

Q: When was Section 162 of the Finance Act enacted?

Section 162 of the Finance Act, cited as Finance Act 2017 162, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

In force As on 06 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 162 of the Finance Act, 2017 deals with amendment of Act 54 of 1987. D.—AMENDMENTS TO THE RAILWAY CLAIMS TRIBUNAL ACT, 1987 AND THE RAILWAYS ACT, 1989. The Act was enacted on 17 Apr 2017.

D.—AMENDMENTS TO THE RAILWAY CLAIMS TRIBUNAL ACT, 1987 AND THE RAILWAYS ACT, 1989.
Amendment of Act 54 of 1987
162. In the Railway Claims Tribunal Act 1987,—
(a) in section 3, after the words "under this Act", the words, letters and figures "and under Chapter VII of the Railways Act,1989" (24 of 1989) shall be inserted;
(b) after section 9, the following section shall be substituted, namely:—
"9A. Qualifications, terms and conditions of service of Chairperson, Vice-Chairperson and Member.— Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of the Chairman, Vice-Chairman and other Members of the Tribunal appointed after the commencement of Part XIV of Chapter VI of the Finance Act, 2017, shall be governed by the provisions of section 184 of that Act:
Provided that the Chairman, Vice-Chairman and Members appointed before the commencement of Part XIV of Chapter VI of the Finance Act, 2017, shall continue to be governed by the provisions of this Act, and the rules made thereunder as if the provisions of section 184 of the Finance Act, 2017, had not come into force.";
(c) in section 13, after sub-section (IA), the following sub-section shall be inserted, namely:—
"(1B) The Claims Tribunal shall also exercise, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, the jurisdiction, powers and authority conferred on the Tribunal under Chapter VII of the Railways Act,1989." (24 of 1989);
(d) in section 15, for the words, brackets, figures and letter "sub-sections (1) and (1A)", the words, brackets, figures and letters "sub-sections (1), (1A) and (1B)" shall be substituted;
(e) in section 24, in sub-section (1), for the words, brackets, figure and letter "or, as the case may be, the date of commencement of the provisions of sub-section (1A)", at both the places where they occur, the words, brackets, figures and letters "or the date of commencement of the provisions of sub-section (1A), or, as the case may be, the date of commencement of the provisions of sub-section (1B)" shall be substituted.
Section 162, The Finance Act, 2017.

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Questions about Section 162

What does Section 162 of the Finance Act deal with?

Section 162 of the Finance Act is headed "Amendment of Act 54 of 1987". D.—AMENDMENTS TO THE RAILWAY CLAIMS TRIBUNAL ACT, 1987 AND THE RAILWAYS ACT, 1989.

How do I find court cases under Section 162 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 2017 162, section 162 Finance Act 2017, section 162 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 162 of the Finance Act, and has it changed?

Its own text turns on section 3 (Amendment of section 2), section 9 (Amendment of section 12A), section 13 (Amendment of section 35AD), section 15 (Amendment of section 40A), and on 2 further provisions, so none of them can safely be read on its own.

When was Section 162 of the Finance Act enacted?

Section 162 of the Finance Act, cited as Finance Act 2017 162, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

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2. Income-tax4071 words
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47. Amendment of section 115JB1176 words
6. Amendment of section 10856 words
Sixth Schedule. Sixth Schedule820 words

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(a)		in section 3, after the words "under this Act", the words, letters and figures "and under Chapter VII of the Railways Act,1989" (24 of 1989) shall be inserted;
(b)		after section 9, the following section shall be substituted, namely:—
		"9A. Qualifications, terms and conditions of service of Chairperson, Vice-Chairperson and Member.— Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of the Chairman, Vice-Chairman and other Members of the Tribunal appointed after the commencement of Part XIV of Chapter VI of the Finance Act, 2017, shall be governed by the provisions of section 184 of that Act:
		Provided that the Chairman, Vice-Chairman and Members appointed before the commencement of Part XIV of Chapter VI of the Finance Act, 2017, shall continue to be governed by the provisions of this Act, and the rules made thereunder as if the provisions of section 184 of the Finance Act, 2017, had not come into force.";
(c)		in section 13, after sub-section (IA), the following sub-section shall be inserted, namely:—
		"(1B) The Claims Tribunal shall also exercise, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, the jurisdiction, powers and authority conferred on the Tribunal under Chapter VII of the Railways Act,1989." (24 of 1989);
(d)		in section 15, for the words, brackets, figures and letter "sub-sections (1) and (1A)", the words, brackets, figures and letters "sub-sections (1), (1A) and (1B)" shall be substituted;
(e)		in section 24, in sub-section (1), for the words, brackets, figure and letter "or, as the case may be, the date of commencement of the provisions of sub-section (1A)", at both the places where they occur, the words, brackets, figures and letters "or the date of commencement of the provisions of sub-section (1A), or, as the case may be, the date of commencement of the provisions of sub-section (1B)" shall be substituted.