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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act, 1980 Section 19

Amendment of Section 80l

~1 min read
https://sooperkanoon.com/act/31493

Bare act section · Research

About this section

Finance (No. 2) Act, 1980 Section 19 is part of Finance (No. 2) Act, 1980 - Amendment of Section 80l. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80L of the Income-tax Act, in sub-section (1), for clause (vii), the following clause shall be substituted with effect from the 1st day of April, 1981, namely :-

"(vii) interest on deposits with a financial corporation which is engaged in providing long-term finance for industrial development in India or with a public company formed and registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes :

Provided that the corporation or, as the case may be, the company is for the time being approved by the Central Government for the purposes of clause (viii) of sub-section (1) of section 36;".

Frequently asked questions

What does Finance (No. 2) Act, 1980 Section 19 provide?

Section Section 19 of the Finance (No. 2) Act, 1980 (Amendment of Section 80l) is reproduced on this page as part of the Finance (No. 2) Act, 1980. 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, 1980 Section 19?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act, 1980 Section 19. 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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