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Section79
The Finance Act, 2021

Amendment of section 245Q

In force As on 07 Oct 2026

Ministry Finance Cited by 1 provision

Section 79 of the Finance Act, 2021 deals with amendment of section 245Q. Amendment of section 245Q. 79. In section 245Q of the Income-tax Act,— (a) | in sub-section (1), the words, figures and letters "or under Chapter IIIA of the Central Excise Act, 1944 (1 of 1944) or under Chapter VA of the Finance Act, 1994 (32 of 1994)" shall be omitted with effect from such date as

Amendment of section 245Q.

79. In section 245Q of the Income-tax Act,—

(a)in sub-section (1), the words, figures and letters "or under Chapter IIIA of the Central Excise Act, 1944 (1 of 1944) or under Chapter VA of the Finance Act, 1994 (32 of 1994)" shall be omitted with effect from such date as the Central Government may, by notification in the Official Gazette, appoint;
(b)after sub-section (3), the following sub-section shall be inserted, namely:—
"(4) Where an application for advance ruling under this Chapter is made before such date as the Central Government may, by notification in the Official Gazette appoint, and in respect of which no order under sub-section (2) of section 245R has been passed or no advance ruling under sub-section (4) of section 245R has been pronounced before such date, such application along with all the relevant records, documents or material, by whatever name called, on the file of the Authority shall be transferred to the Board for Advance Rulings and shall be deemed to be the records before the Board for Advance Rulings for all purposes.".
Section 79, The Finance Act, 2021.

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. 245Q Application for advance ruling

Referred to by 1

  1. s. 26 Amendment of section 79

Questions about Section 79

What does Section 79 of the Finance Act deal with?

Section 79 of the Finance Act is headed "Amendment of section 245Q". Amendment of section 245Q. 79. In section 245Q of the Income-tax Act,— (a) | in sub-section (1), the words, figures and letters "or under Chapter IIIA of the Central Excise Act, 1944 (1 of 1944) or under Chapter VA of the Finance Act, 1994 (32 of 1994)" shall be omitted with effect from such date as

How do I find court cases under Section 79 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 79, section 79 Finance Act 2021, section 79 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 79 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 245Q (Application for advance ruling), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

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

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.