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Section53
The Finance Act, 2013

Amendment of section 245N

In force As on 09 Oct 2026

Ministry Finance

Section 53 of the Finance Act, 2013 deals with amendment of section 245N. Amendment of section 245N. 53. In section 245N of the Income-tax Act,— (i) | in clause (a),— (I) | sub-clause (iv) shall be omitted;

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".

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Section 53, The Finance Act, 2013.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 245N Definitions

Questions about Section 53

What does Section 53 of the Finance Act deal with?

Section 53 of the Finance Act is headed "Amendment of section 245N". Amendment of section 245N. 53. In section 245N of the Income-tax Act,— (i) | in clause (a),— (I) | sub-clause (iv) shall be omitted;

How do I find court cases under Section 53 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 2013 53, section 53 Finance Act 2013, section 53 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 53 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 245N (Definitions), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2013. 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

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.