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TypeBare Act JurisdictionCentral Government Enacted2003

Finance Act, 2003 Section 69

AMENDMENT OF SECTION 184 In section 184 of the Income tax Act,-for sub-section

~1 min read

https://sooperkanoon.com/act/250431

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About this section

Finance Act, 2003 Section 69 is part of Finance Act, 2003 - AMENDMENT OF SECTION 184 In section 184 of the Income tax Act,-for sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

5), the following sub-section shall be substituted with effect from the 1st day of April, 2004, namely:- '(5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessment year, there is on the part of a firm any such failure as is mentioned In section 144-, the firm shall be so assessed that no deduction by way of any payment of interest, salary, bonus, commission or remuneration, by whatever name called, made by such firm to any partner of such firm shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession" and such interest, salary, bonus, commission or remuneration shall not be chargeable to income tax under clause (v) of section 28.'.

Frequently asked questions

What does Finance Act, 2003 Section 69 provide?

Section Section 69 of the Finance Act, 2003 (AMENDMENT OF SECTION 184 In section 184 of the Income tax Act,-for 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 69?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2003 Section 69. 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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