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TypeBare Act JurisdictionCentral Government

Finance Act, 1999 Section 15

AMENDMENT OF SECTION 35 -InSection 35 of the Income Tax Act-, with effect from the 1st day of April, 2000,

~1 min read
https://sooperkanoon.com/act/249815

Bare act section · Research

About this section

Finance Act, 1999 Section 15 is part of Finance Act, 1999 - AMENDMENT OF SECTION 35 -InSection 35 of the Income Tax Act-, with effect from the 1st day of April, 2000,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) in sub-section (1),-

(i) in clause (ii),-

(A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted', (B) in the proviso, for the words "prescribed authority", the words "Central Government" shall be substituted, (ii) in clause (iii),-

(A) for the words "any sum paid", the words "an amount equal to one and one-fourth times of any sum paid" shall be substituted, (B) in the proviso, for the words "prescribed authority", the words "Central Government" shall be substituted, (iii) after clause (iv), in the first proviso, second proviso and third proviso, for the words "prescribed authority", wherever they occur, the words "Central Government" shall be substituted-, (b) in sub-section (2-AB), in clause (5), for the figures "2000", the figures "2005" shall be substituted', (c) for section (3), the following sub -section shall be substituted, namely :- "(3) If any question arises under this section as to whether, and if so, to what extent, any activity constitutes or constituted, or any asset is or was being used for, scientific research, the Board shall refer the question to-

(a) the Central Government, when such question relates to any activity under clauses (ii) and (iii) of sub - section (1), and its decision shall be final;

(b) the prescribed authority, when such question relates to any activity other than the activity specified in clause (a), whose decision shall be final.".

Frequently asked questions

What does Finance Act, 1999 Section 15 provide?

Section Section 15 of the Finance Act, 1999 (AMENDMENT OF SECTION 35 -InSection 35 of the Income Tax Act-, with effect from the 1st day of April, 2000,) is reproduced on this page as part of the Finance Act, 1999. 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, 1999 Section 15?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1999 Section 15. 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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