§ 531
Chapter XXIII — Miscellaneous
Where the Central Government considers it necessary or expedient so to do
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
531. Where the Central Government considers it necessary or expedient so to do
may, by general or special order, rescind an exemption, reduction in rate or
other modification in respect of income-tax or super-tax in favour of any assessee or
class of assessees or in regard to the whole or any part of the income of any assessee
or class of assessees, made as per the provisions of section 294A of the Income-tax
Act, 1961 (43 of 1961).
Power to frame schemes.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.
Related sections
§ 499Certain transfers to be void§ 500Provisional attachment to protect revenue in certain cases§ 501Director or Director. Service of notice, generally§ 502Authentication of notices and other documents§ 503Service of notice when family is disrupted or firm etc., is dissolved§ 504Service of notice in case of discontinued business