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<h1>Section 96HA: Pending Applications Transferred to New Authority Under Income-tax Act as per Finance Bill 2017 Transition.</h1> Clause 126 of the Finance Bill, 2017 introduces section 96HA into the 1994 Act, establishing a transitional provision. This provision mandates that all applications and proceedings pending before the former Authority for Advance Rulings (Central Excise, Customs, and Service Tax) will be transferred to the Authority constituted under section 245-O of the Income-tax Act. The transfer will occur from the stage at which these applications or proceedings stood on the date when the Finance Bill, 2017 receives presidential assent.