# The Finance Act, 2016, Section 106: Amendment of section 273A

- Act: The Finance Act, 2016
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2016/section/106/

## Text

Amendment of section 273A. 106. In section 273A of the Income-tax Act,— (i) | with effect from the 1st day of April, 2017,— (a) | in sub-section (1),— (I) | in clause (ii), after the words "or imposable on a person under", the words, figures and letter "section 270A or" shall be inserted; (II) | in the Explanation, after the words "as not to attract the provisions of", the words, figures and letter "section 270A or" shall be inserted; (b) | in sub-section (2), in clause (b), after the words "if in a case falling under", the words, figures and letter "section 270A or" shall be inserted; (ii) | after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of June, 2016, namely:— "(4A) | The order under sub-section (4), either accepting or rejecting the application in full or in part, shall be passed within a period of twelve months from the end of the month in which the application under the said sub-section is received by the Principal Commissioner or the Commissioner: Provided that no order rejecting the application, either in full or in part, shall be passed unless the assessee has been given an opportunity of being heard: Provided further that where any application is pending as on the 1st day of June, 2016, the order shall be passed on or before the 31st day of May, 2017.".

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