Amendment of section 270AA.
108. In section 270AA of the Income-tax Act, in sub-section (6), after the words “No appeal under”, the words and figures “section 246 or” shall be inserted.
Notes on Clauses:
Clause 108 of the Bill seeks to amend section 270AA of the Income-tax Act relating to immunity from imposition of penalty, etc.
It is proposed to consequentially amend sub-section (6) of the said section by giving reference to the appeal filed under section 246 before the Joint Commissioner (Appeals) to make it applicable under the provisions of the said sub-section.
This amendment will take effect from 1st April, 2023.