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<h1>Amendment to Section 245A: Timeline for Income Tax Assessments Now Tied to Section 153(1) Specifications.</h1> Section 245A of the Income-tax Act was amended by the Finance Act, 2017. In clause (b), specifically within the Explanation in clause (iv), the phrase 'two years from the end of the relevant assessment year' has been replaced with 'the time specified for making assessment under sub-section (1) of section 153.' This change updates the timeline for assessments as specified in the legislation.