Section 59 - Amendment of section 115TD. - Finance Act, 2023

Amendment of section 115TD. 59. In section 115TD of the Income-tax Act, (i) in sub-section (3), (a) in clause (ii), in sub-clause (b), for the word rejected. , the words rejected; or shall be substituted; (b) after clause (ii), the following clause shall be inserted, namely: (iii) it fails to make an application in accordance with the provisions of clause (i) or clause (ii) or clause (iii) of the first proviso to clause (23C) of section 10 or sub-clause (i) or sub-clause (ii) or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A, within the period specified in the said clauses or sub-clauses, as the case may be, which expires in the said previous year. ; (ii) in sub-section (5), in clause (ii), after the word, brackets and figures clause (ii) , the words, brackets and figures clause (ii), or clause (iii), shall be inserted; (iii) in the Explanation, in clause (i), (a) in sub-clause (b), after the word, brackets and figure sub-section (3); , the word or shall be inserted; (b) after sub-clause (b), the following sub-clause shall be inserted, namely: (c) the last date for making an application for registration under sub-clause (i) or sub-clause (ii) or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A or for making an application for approval under clause (i) or clause (ii) or clause (iii) of the first proviso to clause (23C) of section 10, as the case may be, in a case referred to in clause (iii) of sub-section (3); .