Amendment of section 245D
Section 95 of the Finance Act, 2002 deals with amendment of section 245D. Amendment of section 245D. 95. In section 245D of the Income-tax Act, with effect from the 1st day of June, 2002,— (a ) in sub-section (1), for the words "the Settlement Commission may, by order, allow the application to be proceeded with or reject the application", the words, figures and letter "th
Amendment of section 245D.
95. In section 245D of the Income-tax Act, with effect from the 1st day of June, 2002,—
(a ) in sub-section (1), for the words "the Settlement Commission may, by order, allow the application to be proceeded with or reject the application", the words, figures and letter "the Settlement Commission, shall, where it is possible, by order, reject the application or allow the application to be proceeded with within a period of one year from the end of the month in which such application was made under section 245C" shall be substituted;
(b ) after sub-section (4), the following sub-section shall be inserted, namely:—
"(4A) In every application allowed to be proceeded with under sub-section (1), the Settlement Commission shall, where it is possible, pass an order under sub-section (4) within a period of four years from the end of the financial year in which such application was allowed to be proceeded with.".
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Section 95, The Finance Act, 2002.
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Questions about Section 95
What does Section 95 of the Finance Act deal with?
Section 95 of the Finance Act is headed "Amendment of section 245D". Amendment of section 245D. 95. In section 245D of the Income-tax Act, with effect from the 1st day of June, 2002,— (a ) in sub-section (1), for the words "the Settlement Commission may, by order, allow the application to be proceeded with or reject the application", the words, figures and letter "th
How do I find court cases under Section 95 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 2002 95, section 95 Finance Act 2002, section 95 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 95 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.
When was the Finance Act enacted?
Finance Act was enacted in 2002. 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 Schedule5753 words
- 4. Amendment of section 102120 words
- 2. Income-tax1821 words
- 60. Amendment of section 143781 words
- 21. Substitution of new section for section 43A780 words
- 57. Substitution of new section for section 132B724 words
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