# The Finance Act, 2000, Section 64: Amendment of section 245R

- Act: The Finance Act, 2000
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2000/section/64/

## Text

Amendment of section 245R. 64. In section 245R of the Income-tax Act, in sub-section (2), for the first proviso, the following proviso shall be substituted with effect from the 1st day of June, 2000, namely:— "Provided that the Authority shall not allow the application where the question raised in the application,— (i) is already pending before any income-tax authority or Appellate Tribunal [except in the case of a resident applicant falling in sub-clause (iii) of clause (b) of section 245N] or any court; (ii) involves determination of fair market value of any property; (iii) relates to a transaction or issue which is de­signed prima facie for the avoidance of income-tax [except in the case of a resident applicant falling in sub-clause (iii) of clause ( b) of section 245N]:". © Copyright. Taxmann Publications Pvt. Ltd.

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