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TypeBare Act JurisdictionCentral Government

Finance Act 1965 Section 16

Amendment of Section 49

~1 min read
https://sooperkanoon.com/act/49573

Bare act section · Research

About this section

Finance Act 1965 Section 16 is part of Finance Act 1965 - Amendment of Section 49. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 49 of the Income tax Act,

(i) in sub clause (e) of clause (iii), after the word, brackets and figures "clause (iv)", the words, brackets and figure "or clause (v)" shall be inserted;

(ii) at the end, the following Explanation shall be added, namely :

Explanation : In this section the expression "previous owner of the property" in relation to any capital asset owned by an assessee means the last previous owner of the capital asset who acquired it by a mode of acquisition other than that referred to in clause (i) or clause (ii) or clause (iii) of this section,,

Frequently asked questions

What does Finance Act 1965 Section 16 provide?

Section Section 16 of the Finance Act 1965 (Amendment of Section 49) is reproduced on this page as part of the Finance Act 1965. 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 1965 Section 16?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1965 Section 16. 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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