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<h1>Finance Bill 2012 amends section 144C of the Income-tax Act; clarifies Dispute Resolution Panel powers retroactively.</h1> Clause 60 of the Finance Bill, 2012 amends section 144C of the Income-tax Act concerning the Dispute Resolution Panel. The amendments include substituting references to section 153 with section 153B, effective retrospectively from October 1, 2009. An Explanation is added to sub-section (8), clarifying the Panel's power to consider any matter from assessment proceedings, effective from April 1, 2009. Sub-section (14A) is introduced, stating section 144C does not apply to orders approved by the Commissioner under section 144BA, effective from April 1, 2013, applicable from the assessment year 2013-2014 onwards.