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TypeBare Act JurisdictionCentral Government

Finance Act, 2005 Section 47

In Section 47 of the Income Tax Act, after clause

~1 min read
https://sooperkanoon.com/act/455484

Bare act section · Research

About this section

Finance Act, 2005 Section 47 is part of Finance Act, 2005 - In Section 47 of the Income Tax Act, after clause. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 15: Amendment of vi-a), the following clause shall be inserted, namely: '(vi-aa) any transfer, in a scheme of amalgamation of a banking company with a banking institution sanctioned and brought into force by the Central Government under sub-section (7) of Section 45 of the Banking Regulation Act, 1949 (10 of 1949), of a capital asset by the banking company to the banking institution. Explanation. For the purposes of this clause, (i) "banking company" shall have the same meaning assigned to it in clause (c) of Section 5 of the Banking Regulation Act, 1949 (10 of 1949); (ii) "banking institution" shall have the same meaning assigned to it in subsection (15) of Section 45 of the Banking Regulation Act. 1949 (10 of 1949)

Frequently asked questions

What does Finance Act, 2005 Section 47 provide?

Section Section 47 of the Finance Act, 2005 (In Section 47 of the Income Tax Act, after clause) is reproduced on this page as part of the Finance Act, 2005. 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, 2005 Section 47?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2005 Section 47. 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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