Amendment of section 162
Section 50 of the Finance Act, 2026 deals with amendment of section 162. Amendment of section 162 50. In section 162 of the Income-tax Act, in sub-section (2), for clause (c), the following clause shall be substituted, namely:— "(c) other units, undertakings, enterprises or business of such assessee, or other person referred to in section 140(13) in respect of transactio
Amendment of section 162
50. In section 162 of the Income-tax Act, in sub-section (2), for clause (c), the following clause shall be substituted, namely:—
"(c) other units, undertakings, enterprises or business of such assessee, or other person referred to in section 140(13) in respect of transactions referred to in Chapter VIII, to which the provisions of section 140(9) or (13) of this Act or section 80-IA($) or (10) of the Income-tax Act, 1961 (43 of 1961) are applicable.".
Section 50, The Finance Act, 2026 (Act 4 of 2026).
Cross-references
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This section refers to
Referred to by 1
Questions about Section 50
What does Section 50 of the Finance Act deal with?
Section 50 of the Finance Act is headed "Amendment of section 162". Amendment of section 162 50. In section 162 of the Income-tax Act, in sub-section (2), for clause (c), the following clause shall be substituted, namely:— "(c) other units, undertakings, enterprises or business of such assessee, or other person referred to in section 140(13) in respect of transactio
How do I find court cases under Section 50 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 2026 50, section 50 Finance Act 2026, section 50 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 50 of the Finance Act, and has it changed?
Its own text turns on section 80 (Amendment of section 352), section 140 (Non-application of Scheme), Income-tax Act 162 (Right of representative assessee to recover tax paid), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2026 as Act 4 of 2026. 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
- First Schedule. -11686 words
- 3. Income-tax under Act 30 of 20258033 words
- Fourth Schedule. -4078 words
- 2. Income-tax under Act 43 of 19612736 words
- 26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
- Fifth Schedule. -1363 words
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