Section 6 - Amendment of section 12A. - Finance (No. 2) Act, 2024

Amendment of section 12A. 6. In section 12A of the Income-tax Act, in sub-section (1), in clause (ac) with effect from the 1st day of October, 2024, (a) in sub-clause (ii), (i) after the words, figures and letters under section 12AB , the words, brackets, figures and letters or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 shall be inserted; (ii) after the words the period of the said registration , the words or approval, as the case may be, shall be inserted; (b) in sub-clause (iii), (i) after the words, figures and letters under section 12AB , the words, brackets, figures and letters or provisionally approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 shall be inserted; (ii) after the words period of the provisional registration , the words or provisional approval, as the case may be, shall be inserted; (c) after sub-clause (vi), the following proviso shall be inserted, namely: Provided that where the application is filed beyond the time allowed in sub-clauses (i) to (vi), the Principal Commissioner or Commissioner may, if he considers that there is a reasonable cause for delay in filing the application, condone such delay and such application shall be deemed to have been filed within time; .