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TypeBare Act JurisdictionCentral Government

Finance Act 2001 Section 34

Amendment of Section 55

~1 min read
https://sooperkanoon.com/act/34216

Bare act section · Research

About this section

Finance Act 2001 Section 34 is part of Finance Act 2001 - Amendment of Section 55. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

34. In section 55 of the Income-tax Act, in sub-section (2), with effect from 1st day of April, 2002, -

(a) in clause (a), after the words "good will of a business", the words, "or a trade mark or brand name associated with a business" shall be inserted;

(b) after clause (aa), the following clause shall be inserted, namely:-

"(ab) in relation to a capital asset, being equity share or shares allotted to a shareholder of a recognised stock exchange in India under a scheme for corporatisation approved by the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), shall be the cost of acquisition of his original membership of the exchange,".

Frequently asked questions

What does Finance Act 2001 Section 34 provide?

Section Section 34 of the Finance Act 2001 (Amendment of Section 55) is reproduced on this page as part of the Finance Act 2001. 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 2001 Section 34?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2001 Section 34. 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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