{"act":{"id":"finance-act-2023","short_title":"The Finance Act, 2023","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.","act_number":"8","act_year":2023,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":181,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2023/"},"unit":"section","section":{"number":"59","heading":"Amendment of section 115TD","text":"Amendment of section 115TD. 59.  In section 115TD of the Income-tax Act,— (i) | in sub-section (3),— (a) | in clause (ii), in sub-clause (b), for the word \"rejected.\", the words \"rejected; or\" shall be substituted; (b) | after clause (ii), the following clause shall be inserted, namely:— \"(iii) | it fails to make an application in accordance with the provisions of clause (i) or clause (ii) or clause (iii) of the first proviso to clause (23C) of section 10 or sub-clause (i) or sub-clause (ii) or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A, within the period specified in the said clauses or sub-clauses, as the case may be, which expires in the said previous year.\"; (ii) | in sub-section (5), in clause (ii), after the word, brackets and figures \"clause (ii)\", the words, brackets and figures \"clause (ii), or clause (iii),\" shall be inserted; (iii) | in the Explanation, in clause (i),— (a) | in sub-clause (b), after the word, brackets and figure \"sub-section (3);\", the word \"or\" shall be inserted; (b) | after sub-clause (b), the following sub-clause shall be inserted, namely:— \"(c) the last date for making an application for registration under sub-clause (i) or sub-clause (ii) or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A or for making an application for approval under clause (i) or clause (ii) or clause (iii) of the first proviso to clause (23C) of section 10, as the case may be, in a case referred to in clause (iii) of sub-section (3);\".","html":"<p><b>Amendment of section 115TD.</b></p><p><b>59. </b> In section 115TD of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (3),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>ii</i>), in sub-clause (<i>b</i>), for the word \"rejected.\", the words \"rejected; or\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after clause (<i>ii</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>iii</i>)</td><td></td><td>it fails to make an application in accordance with the provisions of clause (<i>i</i>) or clause (<i>ii</i>) or clause (<i>iii</i>) of the first proviso to clause (<i>23C</i>) of section 10 or sub-clause (<i>i</i>) or sub-clause (<i>ii</i>) or sub-clause (<i>iii</i>) of clause (<i>ac</i>) of sub-section (1) of section 12A, within the period specified in the said clauses or sub-clauses, as the case may be, which expires in the said previous year.\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (5), in clause (<i>ii</i>), after the word, brackets and figures \"clause (<i>ii</i>)\", the words, brackets and figures \"clause (<i>ii</i>), or clause (<i>iii</i>),\" shall be inserted;</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in the <i>Explanation,</i> in clause (<i>i</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-clause (<i>b</i>), after the word, brackets and figure \"sub-section (3);\", the word \"or\" shall be inserted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after sub-clause (<i>b</i>), the following sub-clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>c</i>) the last date for making an application for registration under sub-clause (<i>i</i>) or sub-clause (<i>ii</i>) or sub-clause (<i>iii</i>) of clause (<i>ac</i>) of sub-section (1) of section 12A or for making an application for approval under clause (<i>i</i>) or clause (<i>ii</i>) or clause (<i>iii</i>) of the first proviso to clause (<i>23C</i>) of section 10, as the case may be, in a case referred to in clause (<i>iii</i>) of sub-section (3);\".</td></tr></table></div>","words":258,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/section/59/","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."}