{"act":{"id":"finance-act-2012","short_title":"The Finance Act, 2012","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013.","act_number":null,"act_year":2012,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":121,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2012/"},"unit":"section","section":{"number":"63","heading":"Amendment of section 144C","text":"Amendment of section 144C. 63. In section 144C of the Income-tax Act,— (a) in sub-section (4), for the words and figures \"in section 153\", the words, figures and letter \"in section 153 or section 153B\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009; (b) after sub-section (8), the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2009, namely:— \"Explanation.—For the removal of doubts, it is hereby declared that the power of the Dispute Resolution Panel to enhance the variation shall include and shall be deemed always to have included the power to consider any matter arising out of the assessment proceedings relating to the draft order, notwithstanding that such matter was raised or not by the eligible assessee.\"; (c) in sub-section (13), for the words and figures \"in section 153\", the words, figures and letter \"in section 153 or section 153B\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009; (d) after sub-section (14), the following sub-section shall be inserted with effect from the 1st day of April, 2013, namely:— \"(14A) The provisions of this section shall not apply to any assessment or reassessment order passed by the Assessing Officer with the prior approval of the Commissioner under sub-section (12) of section 144BA.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 144C.</b></p><p><b>63.</b> In section 144C of the Income-tax Act,—</p><p>(<i>a</i>) in sub-section (4), for the words and figures \"in section 153\", the words, figures and letter \"in section 153 or section 153B\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009;</p><p>(<i>b</i>) after sub-section (8), the following <i>Explanation </i>shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2009, namely:—</p><p><i>\"Explanation.</i>—For the removal of doubts, it is hereby declared that the power of the Dispute Resolution Panel to enhance the variation shall include and shall be deemed always to have included the power to consider any matter arising out of the assessment proceedings relating to the draft order, notwithstanding that such matter was raised or not by the eligible assessee.\";</p><p>(<i>c</i>) in sub-section (13), for the words and figures \"in section 153\", the words, figures and letter \"in section 153 or section 153B\" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009;</p><p>(<i>d</i>) after sub-section (14), the following sub-section shall be inserted with effect from the 1st day of April, 2013, namely:—</p><p>\"(14A) The provisions of this section shall not apply to any assessment or reassessment order passed by the Assessing Officer with the prior approval of the Commissioner under sub-section (12) of section 144BA.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":245,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2012/section/63/","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."}