Clarification on newly inserted sub-section 2A of section 234B w.e.f. 01.06.2015 - Income Tax - F.No. 299/56/2015-IT(Inv.III) /616

F.No. 299/56/2015-IT(Inv.III) /616 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes E-2, ARA Centre, Ground Floor, Jhandewalan Extension, New Delhi. Dated: 8th April, 2016 To All Pr. Chief Commissioners of Income Tax All DsGIT (Investigation) [Except Delhi Mumbai], All CCsIT (Central). All CsIT (DR), ITSC Sub : Clarification on newly inserted sub-section 2A of section 234B w.e.f. 01.06.2015 -reg, Sir/Madam, Kindly refer to the above. 2. Reports/representation have been received in the board raising the issue of uncertainty caused by the amendment of inserting sub-section 2A to Section 234B by Finance Act, 2015 w.e.f. 01.06.2015, in so far, as applicability of provision is concerned. Two views have emerged, whether the amended provision of Section 234B(2A) is applicable on the cases pending before ITSC as on 01.06.2015, or the amended provisions will be applicable in the cases where applications are filed after 01.06.2015. 3. In this connection, I am directed to enclose the copy of communication received from TPL division of CBDT vide F.No. 370149/31/2016-TPL dated 28.03.2016 inter-alia clarifying the matter for necessary compliance. Yours faithfully, (Sunita Verma) Director (Inv. III), CBDT, New Delhi. Tel./Fax : 011-23547587. E-mail : [email protected]