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TypeBare Act JurisdictionCentral Government Enacted1997

Finance Act, 1997 Section 30

AMENDMENT OF SECTION 88 -InSection 88 of the Income Tax Act-, in sub-section

~1 min read

https://sooperkanoon.com/act/455138

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About this section

Finance Act, 1997 Section 30 is part of Finance Act, 1997 - AMENDMENT OF SECTION 88 -InSection 88 of the Income Tax Act-, in sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

2), in clause (xvi), with effect from the 1st day of April, 1998,-

(i) after the words "by a public company", the words "or as subscription to any eligible issue of capital by any public financial institution" shall be inserted-, (ii) In the Explanation,-

(A) for clause (i), the following clause shall be substituted, namely :- "(i) 'eligible issue of capital' means an issue made by a public company formed and registered in India or a public financial institution and the entire proceeds of the issue is utilised wholly and exclusively either for the purposes of developing, maintaining and operating an infrastructure facility or for generating, or for generating and distributing, power or for providing telecommunication services, whether basic or cellular;";

(B) after clause (iii), the following clause shall be inserted, namely :- "(iv) 'public financial institution' shall have the meaning assigned to it inSection 4-A of the Companies Act, 1956 (1 of 1956)-.".

Frequently asked questions

What does Finance Act, 1997 Section 30 provide?

Section Section 30 of the Finance Act, 1997 (AMENDMENT OF SECTION 88 -InSection 88 of the Income Tax Act-, in sub-section) is reproduced on this page as part of the Finance Act, 1997. 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, 1997 Section 30?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1997 Section 30. 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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