Power to remove difficulties.
319. (1) If any difficulty arises—
(i) in protecting the interests of the assessee;
(ii) in preventing the loss of revenue;
(iii) in applying the provisions of the Income-tax Act, 1961 and the rules, orders or notifications issued thereunder as it stood before the commencement of this Code;
(iv) in clarifying or declaring the true intent of the rules, orders or notifications in their application under this Code; or
(v) in giving effect to the provisions of this Code while repealing the Income-tax Act, 1961; or
(vi) in generally giving effect to the provisions of this Code, the Central Government may, by order, make such provisions not inconsistent with the
provisions of this Code, as it may appear to it to be necessary or expedient for the purpose of removing the difficulty.
(2) In particular, and without prejudice to the generality of the foregoing power, any such order may provide for the adaptations and modifications subject to which the repealed Income-tax Act, 1961 shall apply in relation to the assessments for the financial year ending on the 31st day of March, 2011, or any earlier year.
(3) No order under sub-section (1) shall be made after the expiry of a period of three years from the commencement of this Code.
(4) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.
