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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Chapter III DIRECT TAXES This

Clause 92 - Amendment of section 252. - FINANCE BILL, 2016

FINANCE BILL, 2016
Chapter III
DIRECT TAXES
  • Contents

Amendment of section 252.

92. In section 252 of the Income-tax Act, with effect from the 1st day of June, 2016,-

(a) in sub-section (3), in clause (b), the words “the Senior Vice-President or” shall be omitted;

(b) sub-section (4A) shall be omitted;

(c) in sub-section (5), the words “Senior Vice-President or a” shall be omitted.

 



 

Notes on Clauses:

Clause 92 of the Bill seeks to amend section 252 of the Income-tax Act relating to Appellate Tribunal.

Clause (b) of sub-section (3), sub-section (4A) and sub-section (5) of the aforesaid section provide for the appointment and powers of Senior Vice-President of the Appellate Tribunal.

It is proposed to omit the reference of “Senior Vice-President” in the aforesaid provisions.

These amendments will take effect from 1st June, 2016.

 
 
 
 

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