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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 73

Amendment of Section 194g

~1 min read
https://sooperkanoon.com/act/440804

Bare act section · Research

About this section

Finance Act, 1992 Section 73 is part of Finance Act, 1992 - Amendment of Section 194g. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Section 194G of the Income-tax Act shall be renumbered as sub-section (1) thereof, and after sub-section (1) as so renumbered, the following sub-sections shall be inserted, with effect from the 1st day of June, 1992, namely :-

"(2) Where the Assessing Officer is satisfied that the total income of any person who is or has been stocking, distributing, purchasing or selling lottery tickets justifies the deduction of income-tax at any lower rate or no deduction of income tax, as the case may be, the Assessing Officer shall, on an application made by such person in this behalf, give to him such certificate as may be appropriate.

(3) Where any such certificate is given, the person responsible for paying the income referred to in sub-section (1) shall, until such certificate is cancelled by the Assessing Officer, deduct income-tax at the rates specified in such certificate or deduct no tax, as the case may be.".

Frequently asked questions

What does Finance Act, 1992 Section 73 provide?

Section Section 73 of the Finance Act, 1992 (Amendment of Section 194g) 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 73?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 73. 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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