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TypeBare Act JurisdictionCentral Government

Finance Act, 1995 Section 3

Amendment of Section 2

~1 min read
https://sooperkanoon.com/act/19242

Bare act section · Research

About this section

Finance Act, 1995 Section 3 is part of Finance Act, 1995 - Amendment of Section 2. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 2 of the Income-tax Act, in clause (42A), in Explanation 1, in clause (i), after sub-clause (e), the following sub-clause shall be inserted, with effect from the 1st day of April, 1996, namely :-

"(f) in the case of a capital asset, being a financial asset, allotted without any payment and on the basis of holding of any other financial asset, the period shall be reckoned from the date of the allotment of such financial asset;"

Frequently asked questions

What does Finance Act, 1995 Section 3 provide?

Section Section 3 of the Finance Act, 1995 (Amendment of Section 2) is reproduced on this page as part of the Finance Act, 1995. 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, 1995 Section 3?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1995 Section 3. 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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