Section 143-U - Amendment to Section 95 - Finance Act, 2012

(U) in section 95, after sub-section (1H), the following sub-section shall be inserted, namely: "(1-I). If any difficulty arises in giving effect to section 143 of the Finance Act, 2012, in so far as it relates to insertion of sections 65B, 66B, 66C, 66D, 66E and section 66F in Chapter V of the Finance Act, 1994, (32 of 1994) the Central Government may, by order published in the Official Gazette, which is not inconsistent with the provisions of this Chapter, make such provisions, as may be necessary or expedient for the purpose of removing the difficulty from such date, which shall include the power to give retrospective effect from a date not earlier than the date of coming into force of the Finance Act, 2012: Provided that no such order shall be made after the expiry of a period of two years from the date of coming into force of these provisions.";