Amendment of section 275
Section 96 of the Finance Act, 2003 deals with amendment of section 275. Amendment of section 275. 96. In section 275 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2003— (a ) after clause (a), the following proviso shall be inserted, namely :— " Provided that in a case where the relevant assessment or other order is the subject-matter
Amendment of section 275.
96. In section 275 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2003—
(a ) after clause (a), the following proviso shall be inserted, namely :—
" Provided that in a case where the relevant assessment or other order is the subject-matter of an appeal to the Commissioner (Appeals) under section 246 or section 246A, and the Commissioner (Appeals) passes the order on or after the 1st day of June, 2003 disposing of such appeal, an order imposing penalty shall be passed before the expiry of the financial year in which the proceedings, in the course of which action for imposition of penalty has been initiated, are completed, or within one year from the end of the financial year in which the order of the Commissioner (Appeals) is received by the Chief Commissioner or Commissioner, whichever is later;";
(b ) in clause (b), after the word and figures "section 263", the words and figures "or section 264" shall be inserted.
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Section 96, The Finance Act, 2003.
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Questions about Section 96
What does Section 96 of the Finance Act deal with?
Section 96 of the Finance Act is headed "Amendment of section 275". Amendment of section 275. 96. In section 275 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2003— (a ) after clause (a), the following proviso shall be inserted, namely :— " Provided that in a case where the relevant assessment or other order is the subject-matter
How do I find court cases under Section 96 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 2003 96, section 96 Finance Act 2003, section 96 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 96 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 275 (Bar of limitation for imposing penalties), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2003. 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 Schedule5940 words
- 2. Income-tax2243 words
- 6. Amendment of section 101472 words
- 40. Insertion of new section 80-IC1270 words
- 99. Insertion of Thirteenth and Fourteenth Schedules1215 words
- 65. Insertion of new sections 153A, 153B and 153C977 words
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