Amendment of section 130.
34. In section 130 of the principal Act,-
(i) in sub-section (1), in the proviso,-
(a) after the words "regulatory body or authorities concerned", the words "or any other person concerned" shall be inserted;
(b) after the words "the body or authority concerned", the words "or the other person concerned" shall be inserted;
(ii) after sub-section (2), the following sub-section shall be inserted, namely:-
"(3) No order shall be made under sub-section (1) in respect of re-opening of books of account relating to a period earlier than eight financial years immediately preceding the current financial year:
Provided that where a direction has been issued by the Central Government under the proviso to sub-section (5) of section 128 for keeping of books of account for a period longer than eight years, the books of account may be ordered to be re-opened within such longer period.".
