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TypeBare Act JurisdictionCentral Government

Finance Act, 1989 Section 12

Amendment of Section 54e

~1 min read
https://sooperkanoon.com/act/3990

Bare act section · Research

About this section

Finance Act, 1989 Section 12 is part of Finance Act, 1989 - Amendment of Section 54e. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 54E of the Income-tax Act, in sub-section (1), in Explanation 1, after clause (d), the following clause shall be inserted with effect from the 1st day of April, 1990, namely :-

"(e) in a case where the original asset is transferred after the 31st day of March, 1989, any of the assets specified in clauses (c) and (d) and such debentures or bonds issued by the National Housing Bank established under section 3 of the National Housing Bank Act, 1987 (53 of 1987), as the Central Government may, by notification in the Official Gazette, specify in this behalf.".

Frequently asked questions

What does Finance Act, 1989 Section 12 provide?

Section Section 12 of the Finance Act, 1989 (Amendment of Section 54e) is reproduced on this page as part of the Finance Act, 1989. 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, 1989 Section 12?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1989 Section 12. 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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