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TypeBare Act JurisdictionCentral Government

Finance Act 1999 Section 58

Amendment of Section 115ac

~1 min read
https://sooperkanoon.com/act/5525

Bare act section · Research

About this section

Finance Act 1999 Section 58 is part of Finance Act 1999 - Amendment of Section 115ac. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 115AC of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of April, 2000, namely :-

"(5) Where the assessee acquired shares or bonds in an amalgamated or resulting company by virtue of his holding shares or bonds in the amalgamating or demerged company, as the case may be, in accordance with the provisions of sub-section (1), the provisions of the said sub-section shall apply to such shares or bonds.".

Frequently asked questions

What does Finance Act 1999 Section 58 provide?

Section Section 58 of the Finance Act 1999 (Amendment of Section 115ac) is reproduced on this page as part of the Finance Act 1999. 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 1999 Section 58?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1999 Section 58. 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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