Clause 70 - Amendment of section 281B - Finance (No. 2) Bill, 2014

Amendment of section 281B 70. In section 281B of the Income-tax Act, in sub-section (2), with effect from the 1st day of October, 2014, (i) in the first proviso, for the words two years , the words two years or sixty days after the date of order of assessment or reassessment, whichever is later shall be inserted; (ii) the second and third proviso shall be omitted.