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of <h1>Amendment to Section 263 of the Income-tax Act 2025 clarifies period calculation for court-ordered stay on proceedings.</h1> In the Finance Bill, 2025, an amendment to section 263 of the Income-tax Act is proposed. The amendment modifies the Explanation following sub-section (3) by changing the wording regarding the period of stay on proceedings. Instead of referring to 'any period during which any proceeding under this section is stayed by an order or injunction of any court,' it specifies that the period begins when a stay is granted by a court order or injunction and ends when the jurisdictional Principal Commissioner or Commissioner receives a certified copy of the order vacating the stay.
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