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TypeBare Act JurisdictionCentral Government

Finance Act, 2005 Section 153

In Section 153 of the Income Tax Act, with effect from the 1st day of April, 2006,

~1 min read
https://sooperkanoon.com/act/455509

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About this section

Finance Act, 2005 Section 153 is part of Finance Act, 2005 - In Section 153 of the Income Tax Act, with effect from the 1st day of April, 2006,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 45: Amendment of a) after sub-section (1), the following sub-sections shall be inserted, namely: . "(1-A) No order of assessment shall be made under Section 115-WE or Section 115-WF at any time after the expiry of two years from the end of the assessment year in which the fringe benefits were first assessable. (1-B) No order of assessment or reassessment shall be made under Section 115-WG after the expiry of one year from the end of the financial year in which the notice under Section 115-WH was served.

(b) the words, brackets, figures and letters "in sub-sections (1), (1-A), (1-B) and in sub-section (2-A), for the words, brackets and figures "in sub-sections (1) and (2)"(2)" shall be substituted;

(c) in sub-section (3), for the words, brackets and figures "sub-sections (1) and (2)", the words, brackets, figures and letters "sub-sections (1), (1-A), (1-B) and (2)" shall be substituted;

(d) in the proviso to

Explanation 1, for the words, brackets, figures and letter "in sub-sections (1), (2) and (2-A)", the words, brackets, figures and letters "in subsections (1), (1-A), (1-B), (2) and (2-A)" shall be substituted.

Frequently asked questions

What does Finance Act, 2005 Section 153 provide?

Section Section 153 of the Finance Act, 2005 (In Section 153 of the Income Tax Act, with effect from the 1st day of April, 2006,) 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 153?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2005 Section 153. 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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