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TypeBare Act JurisdictionCentral Government

Finance Act,1990 Section 7

Amendment of Section 32a

~1 min read
https://sooperkanoon.com/act/17197

Bare act section · Research

About this section

Finance Act,1990 Section 7 is part of Finance Act,1990 - Amendment of Section 32a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 32A of the Income-tax Act, -

(i) in sub-section (4), in clause (ii), in the opening portion, for the words "the previous year in respect of which the deduction is to be allowed", the words, brackets and figure "any previous year in respect of which the deduction is to be allowed under sub-section (3) or any earlier previous year (being a previous year not earlier than the year in which the ship or aircraft was acquired or the machinery or plant was installed or the ship, aircraft, machinery or plant was first put to use)" shall be substituted and shall be deemed to have substituted with effect from the 1st day of April, 1976;

(ii) sub-section (9) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1976.

Frequently asked questions

What does Finance Act,1990 Section 7 provide?

Section Section 7 of the Finance Act,1990 (Amendment of Section 32a) is reproduced on this page as part of the Finance Act,1990. 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,1990 Section 7?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act,1990 Section 7. 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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