Amendment of section 73
149. In the 1994 Act, in section 73,––
(i) in sub-sections (1), (1A), (2A) and (3), for the words “eighteen months”, wherever they occur, the words “thirty months” shall be substituted;
(ii) in sub-section (4B), in clause (a), for the words “whose limitation is specified as eighteen months in”, the words “falling under” shall be substituted.
Notes on Clauses:
Clause 149 seeks to amend section 73 of the 1994 Act to substitute the words “thirty months” for the words “eighteen months” wherever they occur, so as to increase the period of limitation in cases not involving fraud, suppression, etc.
