Amendment of section 169
Section 54 of the Finance Act, 2026 deals with amendment of section 169. Amendment of section 169. 54. In section 169 of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Irrespective of anything to the contrary contained in section 263, where an income is modified as a result of advance pricing agreement entered into
Amendment of section 169.
54. In section 169 of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:—
"(1) Irrespective of anything to the contrary contained in section 263, where an income is modified as a result of advance pricing agreement entered into with any person then, such person shall, or any other person being an associated enterprise may,—
(a) furnish a return or a modified return in accordance with and limited to the agreement; and (b) the time period for furnishing such return or modified return shall be three months from the end of the month in which the agreement was entered into, where the tax years relevant for such return or modified return shall be the years covered by such agreement.".
Section 54, The Finance Act, 2026 (Act 4 of 2026).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 1
Questions about Section 54
What does Section 54 of the Finance Act deal with?
Section 54 of the Finance Act is headed "Amendment of section 169". Amendment of section 169. 54. In section 169 of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) Irrespective of anything to the contrary contained in section 263, where an income is modified as a result of advance pricing agreement entered into
How do I find court cases under Section 54 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 54, section 54 Finance Act 2026, section 54 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 54 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 169 (Right of executor to recover tax paid), 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 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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