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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act, 1998 Section 32

Amendment of Section 80-hhd

~1 min read
https://sooperkanoon.com/act/25792

Bare act section · Research

About this section

Finance (No. 2) Act, 1998 Section 32 is part of Finance (No. 2) Act, 1998 - Amendment of Section 80-hhd. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80-HHD of the Income-tax Act, after sub-section (6) and before the Explanation, the following sub-section shall be inserted with effect from the 1st day of April, 1999, namely:--

(7) Where a deduction under sub-section (1) is claimed and allowed in respect of profits derived from the business of a hotel, such part of profits shall not qualify to the extent for deduction for any assessment year under any other provisions of this Chapter under the heading "C.--Deductions in respect of certain incomes," and shall in no case exceed the profits and gains of such hotel.'

Frequently asked questions

What does Finance (No. 2) Act, 1998 Section 32 provide?

Section Section 32 of the Finance (No. 2) Act, 1998 (Amendment of Section 80-hhd) is reproduced on this page as part of the Finance (No. 2) Act, 1998. 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 (No. 2) Act, 1998 Section 32?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act, 1998 Section 32. 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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