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of <h1>Amendment to Section 264(6) Clarifies Time Calculation for Commissioner's Revision Powers During Court-Ordered Stays</h1> The amendment to section 264(6) of the Income-tax Act modifies the Explanation regarding time periods excluded when calculating the one-year limitation period for Commissioner's revision powers. The new wording provides more precise definition of the excluded period during court-ordered stays. Instead of broadly excluding 'any period during which any proceeding is stayed,' the amendment specifically defines the excluded period as commencing from the date when a stay was granted and ending on the date when the jurisdictional Principal Commissioner or Commissioner receives a certified copy of the order vacating the stay.
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