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TypeBare Act JurisdictionCentral Government

Finance Act, 1988 Section 62

AMENDMENT OF SECTION 34C - Insection 34C of the Wealth-tax Act-,

~1 min read
https://sooperkanoon.com/act/454945

Bare act section · Research

About this section

Finance Act, 1988 Section 62 is part of Finance Act, 1988 - AMENDMENT OF SECTION 34C - Insection 34C of the Wealth-tax Act-,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) in sub-section (1), the following Explanation shall be inserted at the end, namely :- "Explanation.- For the purposes of this sub-section, the proceedings under sub-section (5) ofSection 37A-shall be deemed to be proceedings for the assessment of any net wealth or for the assessment or reassessment of any net wealth which has escaped assessment", (b) in sub-section (2), after the first proviso, the following proviso shall be inserted, namely:- "Provided further that where an application for settlement undersection 22Cis made, the period commencing from the date on which such application is made and ending with the date on which an order under sub-section (1) ofsection 22Dis made shall be excluded from the period specified in the preceding proviso".

Frequently asked questions

What does Finance Act, 1988 Section 62 provide?

Section Section 62 of the Finance Act, 1988 (AMENDMENT OF SECTION 34C - Insection 34C of the Wealth-tax Act-,) is reproduced on this page as part of the Finance Act, 1988. 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, 1988 Section 62?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1988 Section 62. 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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