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TypeBare Act JurisdictionCentral Government

Finance Act, 2010 Section 13

Amendment of Section 43

~1 min read
https://sooperkanoon.com/act/441687

Bare act section · Research

About this section

Finance Act, 2010 Section 13 is part of Finance Act, 2010 - Amendment of Section 43. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 43 of the Income-tax Act, with effect from the 1st day of April, 2011 ,--

(a) in clause (1), in Explanation 13, in clause (b), in sub-clause (iii), for the brackets, figures and word "(xiii) and (xiv)" the brackets, figures, letter and word "(xiii), (xiiib) and (xiv)" shall be substituted;

(b) in clause (6), after Explanation 2B, the following Explanation shall be inserted, namely:--

"Explanation 2C.--Where in any previous year, any block of assets is transferred by a private company or unlisted public company to a limited liability partnership and the conditions specified in the proviso to clause (xiiib) of section 47 are satisfied, then, notwithstanding anything contained in clause (1), the actual cost of the block of assets in the case of the limited liability partnership shall be the written down value of the block of assets as in the case of the said company on the date of conversion of the company into the limited liability partnership.".

Frequently asked questions

What does Finance Act, 2010 Section 13 provide?

Section Section 13 of the Finance Act, 2010 (Amendment of Section 43) is reproduced on this page as part of the Finance Act, 2010. 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, 2010 Section 13?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2010 Section 13. 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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