# The Finance Act, 2026, Section 53: Amendment of section 166

- Act: The Finance Act, 2026 (Act 4 of 2026)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2026/section/53/

## Text

Amendment of section 166. 53. In section 166 of the Income-tax Act, for sub-section (7), the following sub-section shall be substituted, namely:— "(7) Where a reference was made under sub-section (1), an order under sub-section (6) may be made at any time before one month prior to the month in which period of limitation referred to in section 286 or 296, for making the order of assessment or reassessment or recomputation or fresh assessment, expires and accordingly, where such period expires on— (a) | the 31st March of any year, the order under sub-section (6) shall be made on or before the 31st January of that year; (b) | the 31st December of any year, the order under sub-section (6) shall be made on or before the 31st October of that year.".

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