Home Acts & Rules Finance Act / Amendment Acts Finance Acts FINANCE ACT, 2006 Chapters List Chapter III DIRECT TAXES This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Section 35 - Amendment of section 142 - FINANCE ACT, 2006Extract 35. Amendment of section 142.- In section 142 of the Income-tax Act, in sub-section (1), in clause (i),- (a) for the words, brackets and figures "within the time allowed under sub-section (1) of section 139", the words, brackets and figures "within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year" shall be substituted; (b) the following proviso shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1990, namely:- "Provided that where any notice has been served under this sub-section for the purposes of this clause after the end of the relevant assessment year commencing on or after the 1st day of April, 1990 to a person who has not made a return within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year, any such notice issued to him shall be deemed to have been served in accordance with the provisions of this sub-section.".
|