Amendment of section 158AA.
51. In section 158AA of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:––
“Provided that no such direction shall be given on or after the 1st day of April, 2022.”.
Notes on Clauses:
Clause 51 seeks amend section 158AA of the Income-tax Act relating to procedure when in an appeal by revenue an identical question of law is pending before Supreme Court.
It is proposed to insert a proviso in sub-section (1) in the said section to provide that no direction shall be given under this sub-section on or after the 1st day of April, 2022.
This amendment will take effect from 1st April, 2022.
