# The Finance Act, 2013, Section 53: Amendment of section 245N

- Act: The Finance Act, 2013
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2013/section/53/

## Text

Amendment of section 245N. 53. In section 245N of the Income-tax Act,— (i) | in clause (a),— (I) | sub-clause (iv) shall be omitted; (II) | after sub-clause (iii), the following sub-clause shall be inserted with effect from the 1st day of April, 2015, namely:— "(iv) a determination or decision by the Authority whether an arrangement, which is proposed to be undertaken by any person being a resident or a non-resident, is an impermissible avoidance arrangement as referred to in Chapter X-A or not:"; (ii) | in clause (b),— (I) | sub-clause (iiia) shall be omitted; (II) | in sub-clause (iii), for the word "or" occurring at the end, the word "and" shall be substituted; (III) | in sub-clause (iii), for the word "and" occurring at the end, the word "or" shall be substituted with effect from the 1st day of April, 2015; (IV) | after sub-clause (iii), the following sub-clause shall be inserted with effect from the 1st day of April, 2015, namely:— "(iiia) is referred to in sub-clause (iv) of clause (a); and". © Copyright. Taxmann Publications Pvt. Ltd.

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