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Section66
The Finance Act, 1991

Amendment of section 245

In force Act 49 of 1991 As on 08 Oct 2026

Act 49 of 1991 Ministry Finance Cited by 1 provision

Section 66 of the Finance Act, 1991 deals with amendment of section 245. 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

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]

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Section 66, The Finance Act, 1991 (Act 49 of 1991).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 245D Procedure on receipt of an application under section 245C

Referred to by 1

  1. s. 1 Short title and commencement

Questions about Section 66

What does Section 66 of the Finance Act deal with?

Section 66 of the Finance Act is headed "Amendment of section 245". 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

How do I find court cases under Section 66 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1991 66, section 66 Finance Act 1991, section 66 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 66 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 245D (Procedure on receipt of an application under section 245C), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1991 as Act 49 of 1991. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.