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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 5

Amendment of Section 13

~1 min read
https://sooperkanoon.com/act/440736

Bare act section · Research

About this section

Finance Act, 1992 Section 5 is part of Finance Act, 1992 - Amendment of Section 13. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 13 of the Income-tax Act, in sub-section (1), in clause (d), in the proviso, -

(i) in clause (i), the words "and such assets were not purchased by the trust or institution or acquired by it by conversation of, or in exchange for, any other asset" shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1983;

(ii) after clause (i), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1983, namely :-

"(ia) any accretion to the shares, forming part of the corpus mentioned in clause (i), by way of bonus shares allotted to the trust or institution;";

(iii) in clause (iia), for the figures "1992", the figures "1993" shall be substituted.

Frequently asked questions

What does Finance Act, 1992 Section 5 provide?

Section Section 5 of the Finance Act, 1992 (Amendment of Section 13) is reproduced on this page as part of the Finance Act, 1992. 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, 1992 Section 5?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 5. 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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