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TypeBare Act JurisdictionCentral Government

Finance Act, 1999 Section 51

AMENDMENT OF SECTION 80-JJA -InSection 80JJA of the Income Tax Act-, with effect from the 1st day of April, 2000,

~1 min read
https://sooperkanoon.com/act/249844

Bare act section · Research

About this section

Finance Act, 1999 Section 51 is part of Finance Act, 1999 - AMENDMENT OF SECTION 80-JJA -InSection 80JJA 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) for the words ", producing biogas,", the words "or producing bio-fertilizers, biopesticides or other biological agents or for producing biogas or" shall be substituted;

(b) for the words "a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less", the words "a deduction of an amount equal to the whole of such profits and gains for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences" shall be substituted.

Frequently asked questions

What does Finance Act, 1999 Section 51 provide?

Section Section 51 of the Finance Act, 1999 (AMENDMENT OF SECTION 80-JJA -InSection 80JJA 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 51?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1999 Section 51. 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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