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TypeBare Act JurisdictionCentral Government

Finance Act, 2010 Section 52

Amendment of First Schedule

~1 min read
https://sooperkanoon.com/act/441726

Bare act section · Research

About this section

Finance Act, 2010 Section 52 is part of Finance Act, 2010 - Amendment of First Schedule. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In the First Schedule to the Income-tax Act, in rule 5, for clause (b) [as inserted by clause (ii) of section 80 of the Finance (No. 2) Act, 2009(33 of 2009)], the following clause shall be substituted with effect from the 1st day of April, 2011, namely:--

"(b) (i) any gain or loss on realisation of investments shall be added or deducted, as the case may be, if such gain or loss is not credited or debited to the profit and loss account;

(ii) any provision for diminution in the value of investment debited to the profit and loss" account, shall be added back;".

Frequently asked questions

What does Finance Act, 2010 Section 52 provide?

Section Section 52 of the Finance Act, 2010 (Amendment of First Schedule) 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 52?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2010 Section 52. 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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