Amendment of section 152
Section 47 of the Finance Act, 2024 (No. 2) deals with amendment of section 152. Amendment of section 152. 47. In section 152 of the Income-tax Act, after sub-section (2), the following sub-sections shall be inserted with effect from the 1st day of September, 2024, namely:— "(3) Where a search has been initiated under section 132 or requisition is made under section 132A, or a s The Act was enacted on 16 Aug 2024.
Amendment of section 152.
47. In section 152 of the Income-tax Act, after sub-section (2), the following sub-sections shall be inserted with effect from the 1st day of September, 2024, namely:—
"(3) Where a search has been initiated under section 132 or requisition is made under section 132A, or a survey is conducted under section 133A [other than under sub-section (2A) of the said section], on or after the 1st day of April, 2021 but before the 1st day of September, 2024, the provisions of sections 147 to 151 shall apply as they stood immediately before the commencement of the Finance (No.
2) Act, 2024.
(4) Where, in a case other than that covered under sub-section (3) a notice under section 148 has been issued or an order under clause (d) of section 148A has been passed, prior to the 1st day of September, 2024, the assessment, reassessment or recomputation in such case shall be governed as per the provisions of sections 147 to 151, as they stood immediately before the commencement of the Finance (No.
2) Act, 2024.".
Section 47, The Finance Act, 2024 (No. 2).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 47
What does Section 47 of the Finance Act, 2024 (No. 2) deal with?
Section 47 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 152". Amendment of section 152. 47. In section 152 of the Income-tax Act, after sub-section (2), the following sub-sections shall be inserted with effect from the 1st day of September, 2024, namely:— "(3) Where a search has been initiated under section 132 or requisition is made under section 132A, or a s
How do I find court cases under Section 47 of the Finance Act, 2024 (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, 2024 (No. 2) 47, section 47 Finance Act, 2024 (No. 2), section 47 of the Finance Act, 2024 (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 47 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 132 (Amendment of section 64), section 147 (Amendment of section 140), section 148 (Amendment of section 171), section 151 (Amendment of section 5), and on 2 further provisions, so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 47 of the Finance Act, 2024 (No. 2) enacted?
Section 47 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 47, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -10716 words
- 2. Income-tax9063 words
- 49. Substitution of new Chapter for Chapter XIV-B4593 words
- Fourth Schedule. -1864 words
- 138. Insertion of section 74A1329 words
- 89. Definitions889 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.