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TypeBare Act JurisdictionCentral Government

Finance Act 1979 Section 14

Amendment of Section 80p

~1 min read
https://sooperkanoon.com/act/15352

Bare act section · Research

About this section

Finance Act 1979 Section 14 is part of Finance Act 1979 - Amendment of Section 80p. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

In section 80P of the Income-tax Act, in sub-section (2), in clause (c), for the words "so much of its profits and gains attributable to such activities as does not exceed twenty thousand rupees;", the following shall be substituted with effect from the 1st day of April, 1980, namely :-

so much of its profits and gains attributable to such activities as does not exceed, -

(i) where such co-operative society is a consumers co-operative society, forty thousand rupees; and

(ii) in any other case, twenty thousand rupees.

Explanation : In this clause, "consumers co-operative society" means a society for the benefit of the consumers;.

Frequently asked questions

What does Finance Act 1979 Section 14 provide?

Section Section 14 of the Finance Act 1979 (Amendment of Section 80p) is reproduced on this page as part of the Finance Act 1979. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 1979 Section 14?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1979 Section 14. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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