Amendment of Income tax Act, 1961.
20. In the Income-tax Act, 1961,
(a) in section 153, in sub-section ( 3), in Explanation I, for the words ''Authority for Advance Rulings'', at both the places where they occur, the words ''Authority for Advance Rulings on Central Taxes'' shall be substituted;
(b) in section 153B, in sub-section (1), in Explanation, for the words ''Authority for Advance Rulings'', at both the places where they occur, the words ''Authority for Advance Rulings on Central Taxes'' shall be substituted;
(c) in section 245N,
(i) for clause (d), the following clause shall be substituted, namely:
'(d) ''Authority'' means the Authority constituted under section 3 of the Authority for Advance Rulings on Central Taxes Act, 2007;';
(ii) clauses (e) and (f) shall be omitted;
(d) sections 245-O, 245P, 245U and 245V shall be omitted.
