Rationalisati on of provisions of IDS and consequential changes to section 153A & 153C :

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
59,61 & 150	Rationalisati on of provisions of IDS and consequential changes to section 153A & 153C	197 (c) of Finance Act,2016	Amendment	1/6/2016	Section 197(c) of the finance Act, 2016 deleted retrospectively wef 01/06/2016. However in case of search & seizure operations including 132A cases similar provisions can be invoked for relevant assessment years prior to six assessment year where search conducted or requisition made subject to the escaped income of Rs 50 lacs or more represented in the form of assets in one or four years in aggregate.