{"act":{"id":"finance-act-2000","short_title":"The Finance Act, 2000","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2000-2001.","act_number":null,"act_year":2000,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":82,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2000/"},"unit":"section","section":{"number":"64","heading":"Amendment of section 245R","text":"Amendment of section 245R. 64. In section 245R of the Income-tax Act, in sub-section (2), for the first proviso, the following proviso shall be substituted with effect from the 1st day of June, 2000, namely:— \"Provided that the Authority shall not allow the application where the question raised in the application,— (i) is already pending before any income-tax authority or Appellate Tribunal [except in the case of a resident applicant falling in sub-clause (iii) of clause (b) of section 245N] or any court; (ii) involves determination of fair market value of any property; (iii) relates to a transaction or issue which is de­signed prima facie for the avoidance of income-tax [except in the case of a resident applicant falling in sub-clause (iii) of clause ( b) of section 245N]:\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 245R.</b></p><p><b>64.</b> In section 245R of the Income-tax Act, in sub-section (2), for the first proviso, the following proviso shall be substituted with effect from the 1st day of June, 2000, namely:—</p><p>\"<b>Provided</b> that the Authority shall not allow the application where the question raised in the application,—</p><p>(<i>i</i>) is already pending before any income-tax authority or Appellate Tribunal [except in the case of a resident applicant falling in sub-clause (<i>iii</i>) of clause (<i>b</i>) of section 245N] or any court;</p><p>(<i>ii</i>) involves determination of fair market value of any property;</p><p>(<i>iii</i>) relates to a transaction or issue which is de­signed <i>prima facie</i> for the avoidance of income-tax [except in the case of a resident applicant falling in sub-clause (<i>iii</i>) of clause ( <i>b</i>) of section 245N]:\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":135,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2000/section/64/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}