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Section173
The Finance Act, 2019 (No. 2)

Amendment of section 23

In force As on 05 Oct 2026

Ministry Finance

Section 173 of the Finance Act, 2019 (No. 2) deals with amendment of section 23. PART VIII AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988 Amendment of section 23 173.

PART VIII

AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988

Amendment of section 23

173. In the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) (hereafter in this Part referred to as the principal Act), in section 23, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of November, 2016, namely:—

"Explanation.—For the removal of doubts, it is hereby clarified that nothing contained in this section shall apply and shall be deemed to have ever applied where a notice under sub-section (1) of section 24 has been issued by the Initiating Officer.".

Section 173, The Finance Act, 2019 (No. 2).

Cross-references

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

This section refers to

  1. s. 23 Amendment of section 80C
  2. s. 24 Amendment of section 80CCD

Questions about Section 173

What does Section 173 of the Finance Act, 2019 (No. 2) deal with?

Section 173 of the Finance Act, 2019 (No. 2) is headed "Amendment of section 23". PART VIII AMENDMENTS TO THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988 Amendment of section 23 173.

How do I find court cases under Section 173 of the Finance Act, 2019 (No. 2)?

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, 2019 (No. 2) 173, section 173 Finance Act, 2019 (No. 2), section 173 of the Finance Act, 2019 (No. 2). 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 173 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 23 (Amendment of section 80C), section 24 (Amendment of section 80CCD), so none of them can safely be read on its own.

When was the Finance Act, 2019 (No. 2) enacted?

Finance Act, 2019 (No. 2) was enacted in 2019. India Code records no commencement date for it. 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.