Clause 37 - Amendment of section 132. - Finance Bill, 2025

Amendment of section 132. 37. In section 132 of the Income-tax Act, (a) in sub-section (8), for the words thirty days from the date of the order of assessment or reassessment or recomputation , the words one month from the end of the quarter in which the order of assessment or reassessment or recomputation is made shall be substituted; (b) in Explanation 1, in clause (a), for the word authorisation , the word authorisations shall be substituted.