Amendment of section 155
Section 63 of the Finance Act, 2017 deals with amendment of section 155. Amendment of section 155. 63. In section 155 of the Income-tax Act, after sub-section (14), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:— "(14A) Where in the assessment for any previous year or in any intimation or deemed intimation under sub-secti The Act was enacted on 17 Apr 2017.
Amendment of section 155.
63. In section 155 of the Income-tax Act, after sub-section (14), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:—
"(14A) Where in the assessment for any previous year or in any intimation or deemed intimation under sub-section (1) of section 143 for any previous year, credit for income-tax paid in any country outside India or a specified territory outside India referred to in section 90, section 90A or section 91 has not been given on the ground that the payment of such tax was under dispute, and if subsequently such dispute is settled; and the assessee, within six months from the end of the month in which the dispute is settled, furnishes to the Assessing Officer evidence of settlement of dispute and evidence of payment of such tax along with an undertaking that no credit in respect of such amount has directly or indirectly been claimed or shall be claimed for any other assessment year, the Assessing Officer shall amend the order of assessment or any intimation or deemed intimation under sub-section (1) of section 143, as the case may be, and the provisions of section 154 shall, so far as may be, apply thereto:
Provided that the credit of tax which was under dispute shall be allowed for the year in which such income is offered to tax or assessed to tax in India.".
Section 63, The Finance Act, 2017.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 63
What does Section 63 of the Finance Act deal with?
Section 63 of the Finance Act is headed "Amendment of section 155". Amendment of section 155. 63. In section 155 of the Income-tax Act, after sub-section (14), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:— "(14A) Where in the assessment for any previous year or in any intimation or deemed intimation under sub-secti
How do I find court cases under Section 63 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 2017 63, section 63 Finance Act 2017, section 63 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 63 of the Finance Act, and has it changed?
Its own text turns on section 90 (Amendment of section 7), section 91 (Amendment of section 17), section 143 (Savings), section 154 (Amendment of section 182), and on 2 further provisions, so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 63 of the Finance Act enacted?
Section 63 of the Finance Act, cited as Finance Act 2017 63, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax8321 words
- 2. Income-tax4071 words
- 148. Amendment of Chapter VIB1616 words
- 47. Amendment of section 115JB1176 words
- 6. Amendment of section 10856 words
- Sixth Schedule. Sixth Schedule820 words
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