Section155
The Finance Act, 2021

Substitution of section 7

In force As on 07 Oct 2026

Ministry Finance Cited by 2 provisions

Section 155 of the Finance Act, 2021 deals with substitution of section 7. Substitution of section 7. 155 . For section 7 of the principal Act, the following section shall be substituted, namely:— "7.

Substitution of section 7.

155 . For section 7 of the principal Act, the following section shall be substituted, namely:—

"7. Adjudicating Authority.—The competent authority authorised under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) shall be the Adjudicating Authority to exercise jurisdiction, powers and authority conferred by or under this Act.".

Section 155, The Finance Act, 2021.

Cross-references

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

Questions about Section 155

What does Section 155 of the Finance Act deal with?

Section 155 of the Finance Act is headed "Substitution of section 7". Substitution of section 7. 155 . For section 7 of the principal Act, the following section shall be substituted, namely:— "7.

How do I find court cases under Section 155 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 2021 155, section 155 Finance Act 2021, section 155 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 155 of the Finance Act, and has it changed?

Its own text turns on section 7 (Amendment of section 11), Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act 5 (Competent authority), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2021. 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.