# The Finance Act, 1991, Section 66: Amendment of section 245

- Act: The Finance Act, 1991 (Act 49 of 1991)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1991/section/66/

## Text

Amendment of section 245D. 66. In section 245D of the Income-tax Act,— (a) in sub-section (2), after the first proviso, the following proviso shall be inserted, namely: — "Provided further that the Commissioner shall furnish the report within a period of one hundred and twenty days of the receipt of communication from the Settlement Commission in case of all applications made under section 245C on or after the date on which the Finance (No. 2) Act, 1991 receives the assent of the President and if the Commissioner falls to furnish the report within the said period, the Settlement Commission may make the order without such report."; (b) sub-section (1A) shall be omitted. [Finance (No. 2) Act, 1991] © Copyright. Taxmann Publications Pvt. Ltd.

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