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TypeBare Act JurisdictionCentral Government

Finance Act 1973 Section 23

Credit Guarantee Corporation of India Limited to Be Exempt for a Certainperiod from Liability to Pay Income-tax and Surtax

~1 min read
https://sooperkanoon.com/act/4889

Bare act section · Research

About this section

Finance Act 1973 Section 23 is part of Finance Act 1973 - Credit Guarantee Corporation of India Limited to Be Exempt for a Certainperiod from Liability to Pay Income-tax and Surtax. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Notwithstanding anything contained in the Income-tax Act or the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Credit Guarantee Corporation of India Limited (a company formed and registered under the Companies Act, 1956 (1 of 1956)), shall not be liable to pay any tax, under either of the two Act, first-mentioned, on its income, profits or gains for the previous year relevant to the assessment year commencing on the 1st day of April, 1972, and for the four previous years next following that previous year.

Frequently asked questions

What does Finance Act 1973 Section 23 provide?

Section Section 23 of the Finance Act 1973 (Credit Guarantee Corporation of India Limited to Be Exempt for a Certainperiod from Liability to Pay Income-tax and Surtax) is reproduced on this page as part of the Finance Act 1973. 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 1973 Section 23?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1973 Section 23. 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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