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of <h1>Income-tax Act Section 153B Amended: New Clause for Information Exchange Timeline Effective June 1, 2011</h1> Section 153B of the Income-tax Act was amended by the Finance Act, 2011, effective June 1, 2011. The amendment modifies sub-section (1) by replacing the words 'by the Commissioner,' in clause (vii) with 'by the Commissioner; or'. Additionally, a new clause (viii) is inserted, specifying that the period for exchanging information under an agreement, as referred to in section 90 or 90A, begins when the request is made and ends when the information is received by the Commissioner, or after six months, whichever is shorter.
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