{"act":{"id":"finance-act-2007","short_title":"The Finance Act, 2007","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008.","act_number":null,"act_year":2007,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":96,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2007/"},"unit":"section","section":{"number":"50","heading":"Insertion of new section 153D","text":"Insertion of new section 153D. 50. In the Income-tax Act, after section 153C, the following section shall be inserted with effect from the 1st day of June, 2007, namely:— ‘153D. Prior approval necessary for assessment in cases of search or requisition.—No order of assessment or reassessment shall be passed by an Assessing Officer below the rank of Joint Commissioner in respect of each assessment year referred to in clause (b)  of section 153A or the assessment year referred to in clause (b)  of sub-section (1) of section 153B, except with the prior approval of the Joint Commissioner.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Insertion of new section 153D.</b></p><p><b>50. </b>In the Income-tax Act, after section 153C, the following section shall be inserted with effect from the 1st day of June, 2007, namely:—</p><p>‘153D. <i>Prior approval necessary for assessment in cases of search or requisition.—</i>No order of assessment or reassessment shall be passed by an Assessing Officer below the rank of Joint Commissioner in respect of each assessment year referred to in clause (<i>b</i>) <i> </i>of section 153A or the assessment year referred to in clause (<i>b</i>) <i> </i>of sub-section (1) of section 153B, except with the prior approval of the Joint Commissioner.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":103,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2007/section/50/","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."}