Case Laws & Commentary · Income-tax Act, 1961 (as amended by the Finance Act, 2026) · bharattax.co Treatise
Provision: Omitted. Part of Chapter XV. Omitted by the Finance Act, 1988, with effect from 1 April 1989.
Subject: The section, as it stood before its omission, no longer forms part of the Act. In the consolidated bare Act it appears under a now-deleted cross-heading at the end of Chapter XV.
Finance Act, 2026: No change. Chapter XV is untouched by the Finance Act, 2026; the section stands as amended up to the Finance Act, 2025.
A. SECTION COMMENTARY
1. Omitted provision — retained to mark the omission
Section 181 was omitted by the Finance Act, 1988 with effect from 1 April 1989, and no longer has any operative content. It is included here solely to record the omission and to preserve the continuity of the section numbering of Chapter XV.
B. STATUTORY POSITION (verbatim text)
The section stands omitted; the bare-Act entry recording the omission is set out below.
181. Omitted by the Finance Act, 1988, w.e.f. 1-4-1989.
C. AUTHORITIES
Omitted provision. There are no authorities construing an omitted section.
Cluster A — No authority (omitted provision)
Section 181 was omitted by the Finance Act, 1988, w.e.f. 1 April 1989. There is no current jurisprudence.
Compiled for the bharattax.co Treatise on the Income-tax Act, 1961 (as amended by the Finance Act, 2026). Statutory text is reproduced from the Income-tax Act, 1961 (base text amended up to the Finance Act, 2025), with amendment-marker brackets removed; three asterisks (***) denote words or a provision omitted by amendment and retained only to mark the omission. The Finance Act, 2026 amends no section of Chapter XV of the Income-tax Act, 1961 (its Part-A amendments touch ss.92CA, 139, 140B, 144B, 144C, 147A, 148, 150, 153, 153B, 220, 222, 234, 245, 245MA, 254 and 270A-276 only). Orders of the Tribunal and High Courts are flagged as such. This material is for professional reference and is not legal advice.
CHAPTER XV — LIABILITY IN SPECIAL CASES
Section 181 — [Omitted]
Case Laws & Commentary · Income-tax Act, 1961 (as amended by the Finance Act, 2026) · bharattax.co Treatise
Provision: Omitted. Part of Chapter XV. Omitted by the Finance Act, 1988, with effect from 1 April 1989.
Subject: The section, as it stood before its omission, no longer forms part of the Act. In the consolidated bare Act it appears under a now-deleted cross-heading at the end of Chapter XV.
Finance Act, 2026: No change. Chapter XV is untouched by the Finance Act, 2026; the section stands as amended up to the Finance Act, 2025.
A. SECTION COMMENTARY
1. Omitted provision — retained to mark the omission
Section 181 was omitted by the Finance Act, 1988 with effect from 1 April 1989, and no longer has any operative content. It is included here solely to record the omission and to preserve the continuity of the section numbering of Chapter XV.
B. STATUTORY POSITION (verbatim text)
The section stands omitted; the bare-Act entry recording the omission is set out below.
181. Omitted by the Finance Act, 1988, w.e.f. 1-4-1989.
C. AUTHORITIES
Omitted provision. There are no authorities construing an omitted section.
Cluster A — No authority (omitted provision)
Section 181 was omitted by the Finance Act, 1988, w.e.f. 1 April 1989. There is no current jurisprudence.
Compiled for the bharattax.co Treatise on the Income-tax Act, 1961 (as amended by the Finance Act, 2026). Statutory text is reproduced from the Income-tax Act, 1961 (base text amended up to the Finance Act, 2025), with amendment-marker brackets removed; three asterisks (***) denote words or a provision omitted by amendment and retained only to mark the omission. The Finance Act, 2026 amends no section of Chapter XV of the Income-tax Act, 1961 (its Part-A amendments touch ss.92CA, 139, 140B, 144B, 144C, 147A, 148, 150, 153, 153B, 220, 222, 234, 245, 245MA, 254 and 270A-276 only). Orders of the Tribunal and High Courts are flagged as such. This material is for professional reference and is not legal advice.