Amendment of section 263
Section 73 of the Finance Act, 2022 deals with amendment of section 263. Amendment of section 263. 73. In section 263 of the Income-tax Act, in sub-section (1),— (a) | after the words "Assessing Officer" wherever they occur, the words "or the Transfer Pricing Officer, as the case may be," shall be inserted;
Amendment of section 263.
73. In section 263 of the Income-tax Act, in sub-section (1),—
(a) after the words "Assessing Officer" wherever they occur, the words "or the Transfer Pricing Officer, as the case may be," shall be inserted; (b) for the words "including an order enhancing or modifying the assessment, or cancelling the assessment and directing a fresh assessment", the following shall be substituted, namely:— "including,—
(i) an order enhancing or modifying the assessment or cancelling the assessment and directing a fresh assessment; or (ii) an order modifying the order under section 92CA; or (iii) an order cancelling the order under section 92CA and directing a fresh order under the said section."; Section 73, The Finance Act, 2022 (Act 6 of 2022).
(c) in Explanation 1, in clause (a), after sub-clause (ii), the following sub-clause shall be inserted, namely:— "(iii) an order under section 92CA by the Transfer Pricing Officer;"; (d) after Explanation 2, the following Explanation shall be inserted, namely:— 'Explanation 3.—For the purposes of this section, "Transfer Pricing Officer" shall have the same meaning as assigned to it in the Explanation to section 92CA.'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Section 73
What does Section 73 of the Finance Act deal with?
Section 73 of the Finance Act is headed "Amendment of section 263". Amendment of section 263. 73. In section 263 of the Income-tax Act, in sub-section (1),— (a) | after the words "Assessing Officer" wherever they occur, the words "or the Transfer Pricing Officer, as the case may be," shall be inserted;
How do I find court cases under Section 73 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 2022 73, section 73 Finance Act 2022, section 73 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 73 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 263 (Revision of orders prejudicial to revenue), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2022 as Act 6 of 2022. 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
- First Schedule. First Schedule9792 words
- 2. Income-tax6839 words
- 42. Amendment of section 144B3753 words
- 4. Amendment of section 103713 words
- 39. Insertion of new section 140B1269 words
- 31. Amendment of section 115TD965 words
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