Insertion of new section 245AA
Section 63 of the Finance Act, 2021 deals with insertion of new section 245AA. Insertion of new section 245AA. 63. After section 245A of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of February, 2021, namely:— "245AA.
Insertion of new section 245AA.
63. After section 245A of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of February, 2021, namely:—
"245AA. Interim Boards for Settlement.—(1) The Central Government shall constitute one or more Interim Boards for Settlement, as may be necessary, for the settlement of pending applications.
(2) Every Interim Board shall consist of three members, each being an officer of the rank of Chief Commissioner, as may be nominated by the Board.
(3) If the Members of the Interim Board differ in opinion on any point, the point shall be decided according to the opinion of the majority.".
Section 63, The Finance Act, 2021.
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Questions about Section 63
What does Section 63 of the Finance Act deal with?
Section 63 of the Finance Act is headed "Insertion of new section 245AA". Insertion of new section 245AA. 63. After section 245A of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of February, 2021, namely:— "245AA.
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 2021 63, section 63 Finance Act 2021, 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 Income-tax Act 245A (Definitions), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2021. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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