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TypeBare Act JurisdictionCentral Government

Finance Act, 1995 Section 49

AMENDMENT OF SECTION 293A In section 293A of the Income-tax Act,"

~1 min read
https://sooperkanoon.com/act/249666

Bare act section · Research

About this section

Finance Act, 1995 Section 49 is part of Finance Act, 1995 - AMENDMENT OF SECTION 293A In section 293A of the Income-tax Act,". 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

a) in sub-section (1), after the words "or in regard to the whole or any part of the income of such class of persons," the following words shall be inserted and shall be deemed always to have been inserted with effect from the 1st day of April. 1993, namely:" "or in regard to the status, in which such class of persons or the members thereof are to be assessed on their income from the business referred to in clause (a) of sub-section (2) :

Provided that the notification for modification in respect of the status may be given effect from an assessment year beginning on or after the 1st day of April, 1993;";

(b) for

Explanation occurring at the end, the following

Explanation shall be substituted and shall be deemed always to have been substituted with effect from the 1st day of April, 1993. namely :" 'Explanation ." For the purposes of this section,"

(a) "mineral oil" includes petroleum and natural gas;

(b) "status" means the category under which the assessee is assessed as "individual," "Hindu undivided family" and so on.'

Frequently asked questions

What does Finance Act, 1995 Section 49 provide?

Section Section 49 of the Finance Act, 1995 (AMENDMENT OF SECTION 293A In section 293A of the Income-tax Act,") 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 49?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1995 Section 49. 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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