Amendment of section 142.
33. In section 142 of the Income-tax Act, in sub-section (1), in clause (i), after the existing proviso, the following proviso shall be inserted, namely:––
“Provided further that a notice under this sub-section for the purposes of this clause may also be served by the prescribed income-tax authority,”.
Notes on Clauses:
Clause 33 of the Bill seeks to amend section 142 of the Income-tax Act relating to inquiry before assessment.
Clause (i) of sub-section (1) of the said section empowers only the Assessing Officer to serve notice to an assessee requiring him to file return of income.
It is proposed to insert a second proviso in the said clause so as to empower the prescribed income-tax authority also to serve notice under clause (i) of sub-section (1) of the said section for the purposes of that clause.
This amendment will take effect from lst day of April, 2021.
