eCourtsIndia
IndiaCode Laws
Section103
The Finance Act, 2016

Amendment of section 271AAB

In force As on 10 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 1 provision

Section 103 of the Finance Act, 2016 deals with amendment of section 271AAB. Amendment of section 271AAB. 103. In section 271AAB of the Income-tax Act, with effect from the 1st day of April, 2017,— (a) | in sub-section (1), in clause (c), for the words "which shall not be less than thirty per cent but which shall not exceed ninety per cent", the words "computed at the rate o The Act was enacted on 27 Jun 2016.

Amendment of section 271AAB.

103. In section 271AAB of the Income-tax Act, with effect from the 1st day of April, 2017,—

(a)in sub-section (1), in clause (c), for the words "which shall not be less than thirty per cent but which shall not exceed ninety per cent", the words "computed at the rate of sixty per cent" shall be substituted;
(b)in sub-section (2), after the words "No penalty under the provisions of", the words, figures and letter "section 270A or" shall be inserted.
Section 103, The Finance Act, 2016.

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. 271AAB Penalty where search has been initiated

Referred to by 1

  1. s. 159 Insertion of new sections 101, 102 and 103

Questions about Section 103

What does Section 103 of the Finance Act deal with?

Section 103 of the Finance Act is headed "Amendment of section 271AAB". Amendment of section 271AAB. 103. In section 271AAB of the Income-tax Act, with effect from the 1st day of April, 2017,— (a) | in sub-section (1), in clause (c), for the words "which shall not be less than thirty per cent but which shall not exceed ninety per cent", the words "computed at the rate o

How do I find court cases under Section 103 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 2016 103, section 103 Finance Act 2016, section 103 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 103 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 271AAB (Penalty where search has been initiated), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 103 of the Finance Act enacted?

Section 103 of the Finance Act, cited as Finance Act 2016 103, was enacted on 27 Jun 2016. 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.