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TypeBare Act JurisdictionCentral Government

Finance Act, 2003 Section 29

AMENDMENT OF SECTION 45 In section 45 of the Income tax Act,-in sub-section

~1 min read
https://sooperkanoon.com/act/250391

Bare act section · Research

About this section

Finance Act, 2003 Section 29 is part of Finance Act, 2003 - AMENDMENT OF SECTION 45 In section 45 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

5), after clause (b) and before the Explanation, the following clause shall be inserted with effect from the 1st day of April, 2004, namely:- "(c) where in the assessment for any year, the capital gain arising from the transfer of a capital asset is computed by taking the compensation or consideration referred to in clause (a) or, as the case may be, enhanced compensation or consideration referred to in clause (b}, and subsequently such compensation or consideration is reduced by any court, Tribunal or other authority, such assessed capital gain of that year shall be recomputed by taking the compensation or consideration as so reduced by such court, Tribunal or other authority to be the full value of the consideration.

Frequently asked questions

What does Finance Act, 2003 Section 29 provide?

Section Section 29 of the Finance Act, 2003 (AMENDMENT OF SECTION 45 In section 45 of the Income tax Act,-in sub-section) is reproduced on this page as part of the Finance Act, 2003. 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, 2003 Section 29?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2003 Section 29. 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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