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TypeBare Act JurisdictionCentral Government

Finance Act, 2006 Section 19

Amendment of Section 80p

~1 min read
https://sooperkanoon.com/act/48574

Bare act section · Research

About this section

Finance Act, 2006 Section 19 is part of Finance Act, 2006 - Amendment of Section 80p. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 80P of the Income-tax Act, after sub-section (3), the following shall be inserted with effect from the 1st day of April, 2007, namely:--

'(4) The provisions of this section shall not apply in relation to any co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank.

Explanation.--For the purposes of this sub-section,--

(a) "co-operative bank" and "primary agricultural credit society" shall have the meanings respectively assigned to them in Part V of the Banking Regulation Act, 1949(10 of 1949);

(b) "primary co-operative agricultural and rural development bank" means a society having its area of operation confined to a taluk and the principal object of which is to provide for long-term credit for agricultural and rural development activities.'.

Frequently asked questions

What does Finance Act, 2006 Section 19 provide?

Section Section 19 of the Finance Act, 2006 (Amendment of Section 80p) is reproduced on this page as part of the Finance Act, 2006. 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, 2006 Section 19?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2006 Section 19. 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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