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TypeBare Act JurisdictionCentral Government

Finance Act, 2008 Section 105

Abandonment expenditure: former participator reimbursed by defaulter

~1 min read
https://sooperkanoon.com/act/455910

Bare act section · Research

About this section

Finance Act, 2008 Section 105 is part of Finance Act, 2008 - Abandonment expenditure: former participator reimbursed by defaulter. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Section 108 of FA 1991 (reimbursement by defaulter in respect of certain abandonment expenditure) is amended as follows.

(2) In subsection (1)(a), omit "(as set out in section 107 above)".

(3) For subsection (1)(b) substitute- "(b) an amount is attributed to a contributing participator under paragraph 2A(2) of Schedule 5 to the principal Act; and".

(4) In subsection (1)(c), for "qualifying participator" substitute "contributing participator".

(5) In subsection (4), for "qualifying participator" (in each place) substitute "contributing participator".

(6) In subsection (5), for "qualifying participator" substitute "contributing participator".

(7) In subsection (7), for "qualifying participator" substitute "contributing participator".

(8) 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 105 provide?

Section Section 105 of the Finance Act, 2008 (Abandonment expenditure: former participator reimbursed by defaulter) 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 105?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2008 Section 105. 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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