# The Finance Act, 1999, Section 9: Amendment of section 12AA

- Act: The Finance Act, 1999
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1999/section/9/

## Text

Amendment of section 12AA. 9. In section 12AA of the Income-tax Act, with effect from the 1st day of June, 1999,— (a ) in sub-section (1), the words "Chief Commissioner or" shall be omitted; (b ) after sub-section (1), the following sub-section shall be inserted, namely :— "(1A) All applications, pending before the Chief Commissioner on which no order has been passed under clause (b) of sub-section (1) before the 1st day of June, 1999, shall stand transferred on that day to the Commissioner and the Commissioner may proceed with such applications under that sub-section from the stage at which they were on that day.". © Copyright. Taxmann Publications Pvt. Ltd.

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