{"act":{"id":"finance-act-2011","short_title":"The Finance Act, 2011","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2011-2012.","act_number":null,"act_year":2011,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":36,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2011/"},"unit":"section","section":{"number":"26","heading":"Amendment of section 153","text":"Amendment of section 153. 26. In section 153 of the Income-tax Act, in Explanation 1, with effect from the 1st day of June, 2011,— (a ) in clause (vii),  for the word, figures and letter \"section 245R,\", the words, figures and letter \"section 245R, or\" shall be substituted; (b ) after clause (vii)  and before the words \"shall be excluded\", the following clause shall be inserted, namely:— \"(viii ) the period commencing from the date on which a reference for exchange of information is made by an authority competent under an agreement referred to in section 90 or section 90A and ending with the date on which the information so requested is received by the Commissioner or a period of six months, whichever is less,\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 153.</b></p><p><b>26.</b> In section 153 of the Income-tax Act, in <i>Explanation 1, </i>with effect from the 1st day of June, 2011,—</p><p>(<i>a</i> )<i> </i>in clause (<i>vii</i>)<i>, </i> for the word, figures and letter \"section 245R,\", the words, figures and letter \"section 245R, or\" shall be substituted;</p><p>(<i>b</i> )<i> </i>after clause (<i>vii</i>)<i> </i> and before the words \"shall be excluded\", the following clause shall be inserted, namely:—</p><p><i> </i>\"(<i>viii</i> )<i> </i>the period commencing from the date on which a reference for exchange of information is made by an authority competent under an agreement referred to in section 90 or section 90A and ending with the date on which the information so requested is received by the Commissioner or a period of six months, whichever is less,\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":131,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2011/section/26/","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."}