Skip to content
Try for free

Statute → case law

See how courts applied this provision

Jump to judgments under this act, then open an AI Brief on any order. Semantic Search helps you ask in plain English.

  • AI Brief & Ask
  • Semantic AI Search
Try free for 7 days Explore AI Studio

Credentials emailed - log in to pick up where you left off.

TypeBare Act JurisdictionCentral Government

Finance Act, 2008 Section 54

Community investment tax relief

~1 min read
https://sooperkanoon.com/act/455856

Bare act section · Research

About this section

Finance Act, 2008 Section 54 is part of Finance Act, 2008 - Community investment tax relief. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Find citing judgments Supreme Court, High Courts & tribunals Advanced act search Filter by court, year, and more

Section Text

1) Paragraph 35 of Schedule 16 to FA 2002 (community investment tax relief) is amended as follows.

(2) After sub-paragraph (1) insert- "(1A) But if the investor is a bank, the investor does not receive value from the CDFI when the CDFI makes a deposit with the investor in the course of its ordinary banking arrangements."

(3) In subsection (5), after "paragraph-" insert- ""bank" has the meaning given by section 840A of the Taxes Act 1988;".

(4) The amendments made by this section are treated as always having had effect. Leasing

Frequently asked questions

What does Finance Act, 2008 Section 54 provide?

Section Section 54 of the Finance Act, 2008 (Community investment tax relief) is reproduced on this page as part of the Finance Act, 2008. 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, 2008 Section 54?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2008 Section 54. 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.

AI Briefs · Semantic Search · Save & annotate judgments

Start your 7-day free trial
1M+ judgments indexed

Brief any judgment in 18 sections.

Search Supreme Court, High Courts, and tribunals - then open an AI Brief on any result. Core search is free; full AI desk free for 7 days.

Start 7-day free trial - no card Talk to Sales