{"act":{"id":"finance-act-2021","short_title":"The Finance Act, 2021","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2021-2022.","act_number":null,"act_year":2021,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":180,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2021/"},"unit":"section","section":{"number":"75","heading":"Amendment of section 245N","text":"Amendment of section 245N. 75. In section 245N of the Income-tax Act,— (i) | in clause (b), sub-clauses (B), (C) and (D) shall be omitted with effect from such date as the Central Government may, by notification in the Official Gazette, appoint; (ii) | in clause (c), after the word \"Authority\", the words \"or the Board for Advance Rulings\" shall be inserted; (iii) | after clause (c), the following clause shall be inserted, namely:— '(ca) \"Board for Advance Rulings\" means the Board for Advance Rulings constituted by the Central Government under section 245-OB;'; (iv) | in clause (f), after the word \"Vice-Chairman\", the words \"or a Member of the Board for Advance Rulings\" shall be inserted.","html":"<p><b>Amendment of section 245N.</b></p><p><b>75.</b> In section 245N of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>b</i>), sub-clauses (<i>B</i>), (<i>C</i>) and (<i>D</i>) shall be omitted with effect from such date as the Central Government may, by notification in the Official Gazette, appoint;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in clause (<i>c</i>), after the word \"Authority\", the words \"or the Board for Advance Rulings\" shall be inserted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>after clause (<i>c</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>ca</i>) \"Board for Advance Rulings\" means the Board for Advance Rulings constituted by the Central Government under section 245-OB;';</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>in clause (<i>f</i>), after the word \"Vice-Chairman\", the words \"or a Member of the Board for Advance Rulings\" shall be inserted.</td></tr></table></div>","words":116,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/75/","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."}