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of <h1>Section 66 narrows scope to Part D, rewrites definitions, shifts tests and delegation, raising compliance and interpretive risks</h1> Section 66 in the enacted Act narrows the scope to Part D of Chapter IV-D and rewords several definitions from the Bill, notably replacing a 'commodity derivative' focus with 'commodities transaction tax,' altering 'specified derivative transaction' tests, shifting micro/small enterprise references to executive notifications, and omitting certain entities (e.g., an explicit 'recognised commodity exchange' and National Housing Bank). These drafting changes affect which transactions qualify for specific tax treatment, expand delegated-rule reliance, modify documentary and platform conditions for derivatives and hedging carve-outs, and create potential continuity issues for predecessor/successor succession rules-raising compliance, evidentiary and interpretive risks for businesses and advisers.
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