Amendment of section 149
Section 63 of the Finance Act, 2001 deals with amendment of section 149. Amendment of section 149. 63. In section 149 of the Income-tax Act, in sub-section (1), for clauses (a) and (b), the following clauses shall be substituted with effect from the 1st day of June, 2001, namely:— "(a) if four years have elapsed from the end of the relevant assessment year, unless the ca
Amendment of section 149.
63. In section 149 of the Income-tax Act, in sub-section (1), for clauses (a) and (b), the following clauses shall be substituted with effect from the 1st day of June, 2001, namely:—
"(a) if four years have elapsed from the end of the relevant assessment year, unless the case falls under clause (b);
(b) if four years, but not more than six years, have elapsed from the end of the relevant assessment year unless the income chargeable to tax which has escaped assessment amounts to or is likely to amount to one lakh rupees or more for that year.".
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Section 63, The Finance Act, 2001.
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Questions about Section 63
What does Section 63 of the Finance Act deal with?
Section 63 of the Finance Act is headed "Amendment of section 149". Amendment of section 149. 63. In section 149 of the Income-tax Act, in sub-section (1), for clauses (a) and (b), the following clauses shall be substituted with effect from the 1st day of June, 2001, namely:— "(a) if four years have elapsed from the end of the relevant assessment year, unless the ca
How do I find court cases under Section 63 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 2001 63, section 63 Finance Act 2001, section 63 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 63 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 149 (Time limit for notices under sections 148 and 148A), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2001. 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
- First Schedule. First Schedule5812 words
- 49. Substitution of new sections for section 922093 words
- 2. Income-tax1972 words
- 5. Amendment of section 101262 words
- 44. Amendment of section 80-IA857 words
- 52. Substitution of new section for section 115AC851 words
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