{"act":{"id":"finance-act-2026","short_title":"The Finance Act, 2026","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.","act_number":"4","act_year":2026,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":167,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2026/"},"unit":"section","section":{"number":"73","heading":"Substitution of new section for section 283","text":"Substitution of new section for section 283. 73. For section 283 of Income-tax Act, the following section shall be substituted, namely:— Provision for cases where assessment is in pursuance of an order on appeal, etc. \"283. (1) Irrespective of anything contained in section 282, the notice under section 280 may be issued at any time for the purpose of making an assessment or reassessment or recomputation in consequence of, or to give effect to,— (a) | any finding or direction contained in an order passed by any authority, Tribunal or Court in any proceeding under this Act or any other law; or (b) | the directions issued by the Approving Panel under section 274(d). (2) The provisions of sub-section (1) shall not apply in any case, where the assessment or reassessment or recomputation as is referred to in that sub-section relates to a tax year in respect of which an assessment or reassessment or recomputation could not have been made under this Act due to it being time-barred, at the time when,— (a) | the order, which was the subject matter before any authority, Tribunal or Court, was made; or (b) | the proceedings relating to assessment or reassessment or recomputation under this Act (other than those proceedings which have culminated in an order), which was the subject matter before the Court, was initiated; or (c) | the reference from the jurisdictional Principal Commissioner or Commissioner is made to the Approving Panel under section 274(4). (3) For the purposes of sub-section (1), notice under section 280 shall be issued within three months from the end of the quarter in which the certified copy of the order of the authority or the Court, as the case may be, is received by the jurisdictional Principal Commissioner or Commissioner.\".","html":"<p><b>Substitution of new section for section 283.</b></p><p><b>73.</b> For section 283 of Income-tax Act, the following section shall be substituted, namely:—</p><p><i>Provision for cases where assessment is in pursuance of an order on appeal, etc.</i></p><p>\"283. (1) Irrespective of anything contained in section 282, the notice under section 280 may be issued at any time for the purpose of making an assessment or reassessment or recomputation in consequence of, or to give effect to,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>any finding or direction contained in an order passed by any authority, Tribunal or Court in any proceeding under this Act or any other law; or</td></tr><tr><td>(<i>b</i>)</td><td></td><td>the directions issued by the Approving Panel under section 274(<i>d</i>).</td></tr></table></div><p>(<i>2</i>) The provisions of sub-section (1) shall not apply in any case, where the assessment or reassessment or recomputation as is referred to in that sub-section relates to a tax year in respect of which an assessment or reassessment or recomputation could not have been made under this Act due to it being time-barred, at the time when,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>the order, which was the subject matter before any authority, Tribunal or Court, was made; or</td></tr><tr><td>(<i>b</i>)</td><td></td><td>the proceedings relating to assessment or reassessment or recomputation under this Act (other than those proceedings which have culminated in an order), which was the subject matter before the Court, was initiated; or</td></tr><tr><td>(<i>c</i>)</td><td></td><td>the reference from the jurisdictional Principal Commissioner or Commissioner is made to the Approving Panel under section 274(4).</td></tr></table></div><p>(<i>3</i>) For the purposes of sub-section (1), notice under section 280 shall be issued within three months from the end of the quarter in which the certified copy of the order of the authority or the Court, as the case may be, is received by the jurisdictional Principal Commissioner or Commissioner.\".</p>","words":296,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/73/","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."}