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of <h1>Amendment to Section 119 of Income-tax Act: Board Can Direct Authorities on Sections 271C, 271CA from April 2017.</h1> Clause 49 of the Finance Bill, 2017 proposes an amendment to section 119 of the Income-tax Act. It aims to modify sub-section (2), clause (a), by including references to sections 271C and 271CA. This change allows the Board to issue directions or instructions to subordinate authorities concerning these sections, in addition to section 271, regarding assessment, revenue collection, or penalty proceedings. The amendment ensures these instructions are not prejudicial to assessees and will be effective from April 1, 2017.
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