Section 66 - Amendment of section 245N - Finance (No. 2) Act, 2014

Amendment of section 245N 66. In section 245N of the Income-tax Act, with effect from the 1st day of October, 2014,- (A) in clause (a),- (I) in sub-clause (ii), at the end, the word or shall be inserted; (II) after sub-clause (ii) and before the long line, the following sub-clause shall be inserted, namely:- (iia) a determination by the Authority in relation to the tax liability of a resident applicant, arising out of a transaction which has been undertaken or is proposed to be undertaken by such applicant, ; (B) in clause (b), after sub-clause (ii), the following sub-clause shall be inserted, namely:- (iia) is a resident referred to in sub-clause (iia) of clause (a) falling within any such class or category of persons as the Central Government may, by notification in the Official Gazette, specify; or ; (C) for clause (f), the following clauses shall be substituted, namely:- '(f) Member means a Member of the Authority and includes the Chairman and Vice-chairman; (g) Vice-chairman means the Vice-chairman of the Authority.'.