Amendment of section 153C
Section 49 of the Finance Act, 2021 deals with amendment of section 153C. Amendment of section 153C. 49. In section 153C of the Income-tax Act, after sub-section (2), the following sub-section shall be inserted, namely:— "(3) Nothing contained in this section shall apply in relation to a search initiated under section 132 or books of account, other documents or any assets
Amendment of section 153C.
49. In section 153C of the Income-tax Act, after sub-section (2), the following sub-section shall be inserted, namely:—
"(3) Nothing contained in this section shall apply in relation to a search initiated under section 132 or books of account, other documents or any assets requisitioned under section 132A on or after the 1st day of April, 2021.".
Section 49, 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 49
What does Section 49 of the Finance Act deal with?
Section 49 of the Finance Act is headed "Amendment of section 153C". Amendment of section 153C. 49. In section 153C of the Income-tax Act, after sub-section (2), the following sub-section shall be inserted, namely:— "(3) Nothing contained in this section shall apply in relation to a search initiated under section 132 or books of account, other documents or any assets
How do I find court cases under Section 49 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 49, section 49 Finance Act 2021, section 49 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 49 of the Finance Act, and has it changed?
Its own text turns on section 132 (Substitution of section 19), Income-tax Act 153C (Assessment of income of any other person), so none of them can safely be read on its own. 4 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
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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.