Insertion of new section 241A
Section 77 of the Finance Act, 2017 deals with insertion of new section 241A. Insertion of new section 241A. 77. After section 241 of the Income-tax Act [as it stood immediately before its omission by section 81 of the Finance Act, 2001 (14 of 2001)], the following section shall be inserted, namely:— "241A. The Act was enacted on 17 Apr 2017.
Insertion of new section 241A.
77. After section 241 of the Income-tax Act [as it stood immediately before its omission by section 81 of the Finance Act, 2001 (14 of 2001)], the following section shall be inserted, namely:—
"241A. Withholding of refund in certain cases.—For every assessment year commencing on or after the 1st day of April, 2017, where refund of any amount becomes due to the assessee under the provisions of sub-section (1) of section 143 and the Assessing Officer is of the opinion, having regard to the fact that a notice has been issued under sub-section (2) of section 143 in respect of such return, that the grant of the refund is likely to adversely affect the revenue, he may, for reasons to be recorded in writing and with the previous approval of the Principal Commissioner or Commissioner, as the case may be, withhold the refund up to the date on which the assessment is made.".
Section 77, The Finance Act, 2017.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 77
What does Section 77 of the Finance Act deal with?
Section 77 of the Finance Act is headed "Insertion of new section 241A". Insertion of new section 241A. 77. After section 241 of the Income-tax Act [as it stood immediately before its omission by section 81 of the Finance Act, 2001 (14 of 2001)], the following section shall be inserted, namely:— "241A.
How do I find court cases under Section 77 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 77, section 77 Finance Act 2017, section 77 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 77 of the Finance Act, and has it changed?
Its own text turns on Finance Act 81 (Omission of section 241), section 143 (Savings), so none of them can safely be read on its own.
When was Section 77 of the Finance Act enacted?
Section 77 of the Finance Act, cited as Finance Act 2017 77, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax8321 words
- 2. Income-tax4071 words
- 148. Amendment of Chapter VIB1616 words
- 47. Amendment of section 115JB1176 words
- 6. Amendment of section 10856 words
- Sixth Schedule. Sixth Schedule820 words
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