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TypeBare Act JurisdictionCentral Government

Finance Act, 2008 Section 104

Abandonment expenditure: deductions from ring fence income

~1 min read
https://sooperkanoon.com/act/455909

Bare act section · Research

About this section

Finance Act, 2008 Section 104 is part of Finance Act, 2008 - Abandonment expenditure: deductions from ring fence income. 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.

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Section Text

1) FA 1991 is amended as follows.

(2) Section 64 (relief for expenditure incurred by a participator in meeting defaulter's abandonment expenditure) is amended as follows.

(3) In subsection (1)(a)-

(a) omit "(as set out in section 107 of this Act)", and (b) for "sub-paragraph (1)(a)" substitute "sub-paragraph (2)".

(4) In subsection (1)(b)-

(a) for "sub-paragraph (4)" substitute "sub-paragraph (2)", and (b) for "qualifying" substitute "contributing".

(5) In subsections (2), (3), (4) and (5) (in each place), for "qualifying" substitute "contributing".

(6) Section 65 (reimbursement by defaulter in respect of certain abandonment expenditure) is amended as follows.

(7) In subsection (1)(a)-

(a) omit "(as set out in section 107 of this Act)", and (b) for "sub-paragraph (1)(a)" substitute "sub-paragraph (2)".

(8) In subsection (1)(b), for "sub-paragraph (4)" substitute "sub-paragraph (2)".

(9) In subsections (1) (in each place), (4), (5) (in each place), (6), (7) (in each place) and (8), for "qualifying" substitute "contributing".

(10) The amendments made by this section have effect in relation to expenditure incurred after 30 June 2008.

Frequently asked questions

What does Finance Act, 2008 Section 104 provide?

Section Section 104 of the Finance Act, 2008 (Abandonment expenditure: deductions from ring fence income) 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 104?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2008 Section 104. 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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