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Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Chapter III DIRECT TAXES - Income-tax This
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Clause 49 - Amendment of section 119. - FINANCE BILL, 2017

FINANCE BILL, 2017
Chapter III
DIRECT TAXES - Income-tax
  • Contents

Amendment of section 119.

49. In section 119 of the Income-tax Act, in sub-section (2), in clause (a), after the figures “271”, the figures and letters “,271C, 271CA” shall be inserted.

 



 

Notes on Clauses:

Clause 49 of the Bill seeks to amend section 119 of the Income-tax Act relating to instructions to subordinate authorities.

Sub-clause (a) of sub-section (2) of the said section empowers the Board to issue orders setting forth directions or instructions (not being prejudicial to assessees) to be followed by the subordinate authorities in the work relating to assessment or collection of revenue or the initiation of proceedings for the imposition of penalties.

It is proposed to insert reference of sections 271C and 271CA in the said sub-section, so as to empower the Board to issue directions or instructions in respect of the said sections also.

This amendment will take effect from 1st April, 2017.

 
 
 
 
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