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TypeBare Act JurisdictionCentral Government

Finance Act, 2002 Section 101

AMENDMENT OF SECTION 271 -In Section 271-of the Income Tax Act, in sub- section

~2 min read
https://sooperkanoon.com/act/250299

Bare act section · Research

About this section

Finance Act, 2002 Section 101 is part of Finance Act, 2002 - AMENDMENT OF SECTION 271 -In Section 271-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

1),-

(a) in the opening portion, after the words and brackets "Commissioner (Appeals)", the words "or the Commissioner" shall be inserted with effect from the 1st day of June, 2002;

(b) in clause (ii), for the words "in addition to any tax payable", the words "in addition to tax, if any, payable" shall be substituted with effect from the 1st day of April, 2003;

(c) in clause (iii), for the words "in addition to any tax payable", the words "in addition to tax, if any, payable" shall be substituted with effect from the 1st day of April, 2003;

(d) in

Explanation 1, in clause (A), after the words and brackets "Commissioner (Appeals)", the words "or the Commissioner" shall be inserted with effect from the 1st day of June, 2002;

(e) in

Explanation 3, the words "who has not previously been assessed under this Act," shall be omitted with effect from the 1st day of April, 2003;

(f) in

Explanation 4, for clause (a), the following clause shall be substituted with effect from the 1st day of April, 2003, namely:- "(a) in any case where the amount of income in respect of which particulars have been concealed or inaccurate particulars have been furnished has the effect of reducing the loss declared in the return or converting that loss into income, means the tax that would have been chargeable on the income in respect of which particulars have been concealed or inaccurate particulars have been furnished had such income been the total income;";

(g) in

Explanation 7, after the words and brackets "Commissioner (Appeals)", the words "or the Commissioner" shall be inserted with effect from the 1st day of June,2002,

Frequently asked questions

What does Finance Act, 2002 Section 101 provide?

Section Section 101 of the Finance Act, 2002 (AMENDMENT OF SECTION 271 -In Section 271-of the Income Tax Act, in sub- section) is reproduced on this page as part of the Finance Act, 2002. 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, 2002 Section 101?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2002 Section 101. 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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