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TypeBare Act JurisdictionCentral Government

Finance Act 1979 Section 23

Amendment of Section 4

~1 min read
https://sooperkanoon.com/act/15361

Bare act section · Research

About this section

Finance Act 1979 Section 23 is part of Finance Act 1979 - Amendment of Section 4. 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 the Wealth-tax, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in section 4, with effect from the 1st day of April, 1980, -

(a) in sub-section (1A), for the words and brackets "into common stock of the family (such property being hereinafter referred to as the converted property)", the words and brackets "into the common stock of the family or been transferred by the individual, directly or indirectly, to the family otherwise than for adequate consideration (the property so converted or transferred being hereinafter referred to as the converted property)" shall be substituted;

(b) in sub-section (3), after the words, brackets, letter and figure "clause (a) of sub-section (1)", the words, brackets, figure and letter "or sub-section (1A)" shall be inserted.

Frequently asked questions

What does Finance Act 1979 Section 23 provide?

Section Section 23 of the Finance Act 1979 (Amendment of Section 4) 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 23?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1979 Section 23. 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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