Amendment of Section 153
In section 153 of the Income-tax Act, in Explanation 1, with effect from the 1st day of October, 2004,--
(a) in clause (v), for the words "that section,", the words "that section, or" shall be substituted;
(b) after clause (v) and before the words "shall be excluded", the following clauses shall be inserted, namely;--
"(vi) the period commencing from the date on which an application is made before the Authority for Advance Rulings under sub-section (1) of section 245Q and ending with the date on which the order rejecting the application is received by the Commissioner under sub-section (3) of section 245R, or
(vii) the period commencing from the date on which an application is made before the Authority for Advance Rulings under sub-section (1) of section 245Q and ending with the date on which the advance ruling pronounced by it is received by the Commissioner under sub-section (7) of section 245R,".