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<h1>Amendments to Section 275 of Income-tax Act: Removal of References to Chief Commissioners Effective October 2024</h1> Clause 83 of the Finance (No. 2) Bill, 2024, proposes amendments to section 275 of the Income-tax Act, effective from October 1, 2024. The amendments involve the removal of references to the 'Principal Chief Commissioner or Chief Commissioner' in sub-sections (1) and (1A). Section 275 addresses the limitation period for imposing penalties, stipulating that penalties cannot be imposed if an appeal is filed before the Commissioner of Income Tax (Appeal) after the financial year ends or six months after receiving the Commissioner's order, whichever is later.