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TypeBare Act JurisdictionCentral Government

Finance Act, 1999 Section 25

AMENDMENT OF SECTION 42 -InSection 42 of the Income Tax Act-, in sub-section

~1 min read
https://sooperkanoon.com/act/249825

Bare act section · Research

About this section

Finance Act, 1999 Section 25 is part of Finance Act, 1999 - AMENDMENT OF SECTION 42 -InSection 42 of the Income Tax Act-, in sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

2), in clause (c), for the proviso, the following proviso shall be substituted with effect from the 1st day of April, 2000, namely :- "Provided that where in a scheme of amalgamation or demerger, the amalgamating or the demerged company sells or otherwise transfers the business to the amalgamated or the resulting company (being an Indian company), the provisions of this sub- section- (i) shall not apply in the case of the amalgamating or the demerged company; and (ii) shall, as far as may be, apply to the amalgamated or the resulting company as they would have applied to the amalgamating or the demerged company if the latter had not transferred the business or interest in the business.".

Frequently asked questions

What does Finance Act, 1999 Section 25 provide?

Section Section 25 of the Finance Act, 1999 (AMENDMENT OF SECTION 42 -InSection 42 of the Income Tax Act-, in sub-section) 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 25?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1999 Section 25. 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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