# The Finance Act, 2024 (No. 2), Section 7: Amendment of section 12AB

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/7/

## Text

Amendment of section 12AB. 7. In section 12AB of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of October, 2024, namely:— "(3) The order under sub-section (1) shall be passed, in such form and manner as may be prescribed, within a period of,— (i) | three months calculated from the end of the month in which the application was received in case of clause (a); (ii) | six months calculated from the end of the quarter in which the application was received in case of sub-clause (ii) of clause (b); and (iii) | one month calculated from the end of the month in which the application was received in case of clause (c).".

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