Amendment of section 166
Section 53 of the Finance Act, 2026 deals with amendment of section 166. 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
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—
Section 53, The Finance Act, 2026 (Act 4 of 2026).
(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.".
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 53
What does Section 53 of the Finance Act deal with?
Section 53 of the Finance Act is headed "Amendment of section 166". 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
How do I find court cases under Section 53 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 2026 53, section 53 Finance Act 2026, section 53 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 53 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 166 (Direct assessment or recovery not barred), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2026 as Act 4 of 2026. 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. -11686 words
- 3. Income-tax under Act 30 of 20258033 words
- Fourth Schedule. -4078 words
- 2. Income-tax under Act 43 of 19612736 words
- 26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
- Fifth Schedule. -1363 words
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