Amendment of section 273AA
Section 107 of the Finance Act, 2016 deals with amendment of section 273AA. Amendment of section 273AA. 107. In section 273AA of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of June, 2016, namely:— "(3A) The order under sub-section (3), either accepting or rejecting the application in full or in part, sh The Act was enacted on 27 Jun 2016.
Amendment of section 273AA.
107. In section 273AA of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of June, 2016, namely:—
"(3A) The order under sub-section (3), 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.".
Section 107, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 107
What does Section 107 of the Finance Act deal with?
Section 107 of the Finance Act is headed "Amendment of section 273AA". Amendment of section 273AA. 107. In section 273AA of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted with effect from the 1st day of June, 2016, namely:— "(3A) The order under sub-section (3), either accepting or rejecting the application in full or in part, sh
How do I find court cases under Section 107 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 107, section 107 Finance Act 2016, section 107 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 107 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 273AA (Power of Principal Commissioner orCommissioner to grant immunity from penalty), so none of them can safely be read on its own.
When was Section 107 of the Finance Act enacted?
Section 107 of the Finance Act, cited as Finance Act 2016 107, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
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- Eighth Schedule. Eighth Schedule19903 words
- First Schedule. First Schedule8145 words
- 2. Income-tax3742 words
- 222. Insertion of new Chapter III F2100 words
- 70. Substitution of new section for section 1531931 words
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