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<h1>Finance Act 2011 amends Income-tax Act Section 153, modifies clause (vii), adds clause (viii) for info exchange timing.</h1> Section 153 of the Income-tax Act was amended by the Finance Act, 2011, effective June 1, 2011. In Explanation 1, clause (vii) was modified to include the phrase 'section 245R, or.' Additionally, a new clause (viii) was inserted to exclude the period from when a reference for information exchange is made under an agreement in section 90 or 90A until the information is received by the Commissioner, or six months, whichever is shorter, from the computation of time limits.