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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2013: Amendments to Section 295 of Income-tax Act Enhance Rule-Making Powers from April 2016</h1> Clause 49 of the Finance Bill, 2013 proposes amendments to Section 295 of the Income-tax Act, effective from April 1, 2016. The amendments involve renumbering the existing clause (ee) as (e) and introducing a new clause (ee) to allow rule-making concerning matters specified in Chapter X-A. Additionally, a new clause (eed) is introduced to enable rules regarding the remuneration of the Chairperson and members of the Approving Panel, as well as the procedure for its constitution, functioning, and reference disposal under section 144BA. These changes aim to enhance the rule-making powers of the Board under the Act.
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