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<h1>Finance Act 2024 amends Section 12AB of Income-tax Act, setting new time limits for order issuance.</h1> Section 12AB of the Income-tax Act has been amended by the Finance (No. 2) Act, 2024, effective October 1, 2024. The amendment replaces sub-section (3) with a new provision specifying time limits for passing orders under sub-section (1). The order must be issued within three months from the end of the month of application receipt for clause (a), six months from the end of the quarter for sub-clause (ii) of clause (b), and one month from the end of the month for clause (c).