Income-tax Act, 1961 · Chapter IV: Computation of Total Income · B.— [Omitted]
Section 18: [Omitted
The Income-tax Act, 1961 was repealed by the Income-tax Act, 2025 from 1 April 2026. The text is kept here because the judgments below apply it.
Omitted by the Finance Act, 1988 (26 of 1988), s. 10 (w.e.f. 1-4-1989).
Source: India Code (Legislative Department), the text of the Act as it stood before its repeal. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 18
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Bank of Rajasthan Ltd. v. Commissioner of Income Tax
Issue arose as regards the treatment to be given to broken period interest, whether a deduction of the broken period interest can be claimed by the Bank, purchaser of the government Securities.
- Kishanchand Lunidasingh Bajaj v. Commissioner of Income-Tax, Mysore
- First Income-Tax Officer, Salem v. M/S. Short Brothers (P) Ltd.
- The Neptune Assurance Co. Ltd. v. The Life Insurance Corporation of India and Another