# The Finance Act, 2014, Section 66: Amendment of section 245N

- Act: The Finance Act, 2014 (Act 25 of 2014)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2014/section/66/

## Text

Amendment of section 245N. 66. In section 245N of the Income-tax Act, with effect from the 1st day of October, 2014,— (A) | in clause (a),— (I) | in sub-clause (ii), at the end, the word "or" shall be inserted; (II) | after sub-clause (ii) and before long line, the following sub-clause shall be inserted, namely:— "(iia) | a determination by the Authority in relation to the tax liability of a resident applicant, arising out of a transaction which has been undertaken or is proposed to be undertaken by such applicant,"; (B) | in clause (b), after sub-clause (ii), the following sub-clause shall be inserted, namely:— "(iia) | is a resident referred to in sub-clause (iia) of clause (a) falling within any such class or category of persons as the Central Government may, by notification in the Official Gazette, specify; or"; (C) | for clause (f), the following clauses shall be substituted, namely:— '(f) | "Member" means a Member of the Authority and includes the Chairman and Vice-chairman; (g) | "Vice-chairman" means the Vice-chairman of the Authority.'. © Copyright. Taxmann Publications Pvt. Ltd.

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