Bare ActsFinance (No. 2) Act, 2024

Section 7

Amendment of section 12AB.--

Amendment status not verified — confirm the current text below against the official source.

In section 12AB of the Income-tax Act, for sub-section (3), the following sub-section shall be substituted with effect from the 1st day of October, 2024, namely:-- "(3) The order under sub-section (1) shall be passed, in such form and manner as may be prescribed, within a period of,-- (i) three months calculated from the end of the month in which the application was received in case of clause (a); (ii) six months calculated from the end of the quarter in which the application was received in case of sub-clause (ii) of clause (b); and (iii) one month calculated from the end of the month in which the application was received in case of clause (c)."

Section 7 – Finance (No. 2) Act, 2024 | DailyLaw.ai