Section 95 - Amendment of section 253. - Finance Act, 2016

Amendment of section 253. 95 . In section 253 of the Income-tax Act,- (A) in sub-section (1), with effect from the 1st day of April, 2017,- (i) in clause (a), after the word and figures section 250, , the word, figures and letter section 270A, shall be inserted; (ii) in clause (c), after the words and figures or under section 263 , the words, figures and letter or under section 270A shall be inserted; (B) with effect from the 1st day of June, 2016,- (a) sub-section (2A) and sub-section (3A) shall be omitted; (b) for sub-section (4), the following sub-section shall be substituted namely:- (4) The Assessing Officer or the assessee, as the case may be, on receipt of notice that an appeal against the order of the Commissioner (Appeals), has been preferred under sub-section (1) or sub-section (2) by the other party, may, notwithstanding that he may not have appealed against such order or any part thereof, within thirty days of the receipt of the notice, file a memorandum of cross-objections, verified in the prescribed manner, against any part of the order of the Commissioner (Appeals), and such memorandum shall be disposed of by the Appellate Tribunal as if it were an appeal presented within the time specified in sub-section (3). ; (C) in sub-section (6), for the proviso, the following proviso shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 2012, namely:- Provided that no fee shall be payable in the case of an appeal referred to in sub-section (2), or, sub-section (2A) as it stood before its amendment by the Finance Act, 2016, or, a memorandum of cross objections referred to in subsection (4). .