{"act":{"id":"finance-act-2008","short_title":"The Finance Act, 2008","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2008-2009.","act_number":null,"act_year":2008,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":71,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2008/"},"unit":"section","section":{"number":"36","heading":"Amendment of section 153A","text":"Amendment of section 153A. 36. Section 153A of the Income-tax Act shall be renumbered as sub-section (1) thereof and,— (a ) in sub-section (1) as so renumbered, in the second proviso, for the words \"referred to in this section\", the words \"referred to in this sub-section\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2003; (b ) after sub-section (1) as so renumbered and before the Explanation, the following shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2003, namely:— \"(2) If any proceeding initiated or any order of assessment or reassessment made under sub-section (1) has been annulled in appeal or any other legal proceeding, then, notwithstanding anything contained in sub-section (1) or section 153, the assessment or reassessment relating to any assessment year which has abated under the second proviso to sub-section (1), shall stand revived with effect from the date of receipt of the order of such annulment by the Commissioner: Provided that such revival shall cease to have effect, if such order of annulment is set aside.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 153A.</b></p><p><b>36.</b> Section 153A of the Income-tax Act shall be renumbered as sub-section (1) thereof and,—</p><p>(<i>a</i> ) in sub-section (1) as so renumbered, in the second proviso, for the words \"referred to in this section\", the words \"referred to in this sub-section\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2003;</p><p>(<i>b</i> ) after sub-section (1) as so renumbered and before the <i>Explanation,</i> the following shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2003, namely:—</p><p>\"(2) If any proceeding initiated or any order of assessment or reassessment made under sub-section (1) has been annulled in appeal or any other legal proceeding, then, notwithstanding anything contained in sub-section (1) or section 153, the assessment or reassessment relating to any assessment year which has abated under the second proviso to sub-section (1), shall stand revived with effect from the date of receipt of the order of such annulment by the Commissioner:</p><p><b>Provided</b> that such revival shall cease to have effect, if such order of annulment is set aside.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":198,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2008/section/36/","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."}