Section 9 - Amendment of section 12AA - Finance Act, 1999

9. Amendment of section 12AA In section 12AA of the Income-tax Act, with effect from the 1st day of June, 1999, - (a) in sub-section (1), the words Chief Commissioner or shall be omitted; (b) after sub-section (1), the following sub-section shall be inserted, namely :- (1A) All applications, pending before the Chief Commissioner on which no order has been passed under clause (b) of sub-section (1) before the 1st day of June, 1999, shall stand transferred on that day to the Commissioner and the Commissioner may proceed with such applications under that sub-section from the stage at which they were on that day. .