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TypeBare Act JurisdictionCentral Government

Finance Act 2005 Section 17

Amendment of Section 54ec

~1 min read
https://sooperkanoon.com/act/41951

Bare act section · Research

About this section

Finance Act 2005 Section 17 is part of Finance Act 2005 - Amendment of Section 54ec. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 54EC of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of April, 2006, namely:-

"(3) Where the cost of the long-term specified asset has been taken into account for the purposes of clause (a) or clause (b) of sub-section (1),--

(a) a deduction from the amount of income-tax with reference to such cost shall not be allowed under section 88 for any assessment year ending before the 1st day of April, 2006;

(b) a deduction from the income with reference to such cost shall not be allowed under section 80C for any assessment year beginning on or after the 1st day of April, 2006."

Frequently asked questions

What does Finance Act 2005 Section 17 provide?

Section Section 17 of the Finance Act 2005 (Amendment of Section 54ec) is reproduced on this page as part of the Finance Act 2005. 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 2005 Section 17?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2005 Section 17. 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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