Section 82 - Amendment of section 214 - Direct Tax Laws (Amendment) Act, 1987

82. Amendment of section 214. In section 214 of the Income-tax Act,- (a) in sub-section (1AA), after the word and figures section 264 , the words, brackets, figures and letter or an order of the Settlement Commission under sub-section (4) of section 245D shall be inserted; (b) after sub-section (2), the following sub-section shall be inserted, namely: - (3) This section and sections 215, 216 and 217 shall not apply in respect of any assessment for the assessment year commencing on the 1st day of April, 1989 or any subsequent assessment year and, in the application of the said sections to the assessment for any earlier assessment year, references therein [except in sub-section (1A) and sub- section (3) of section 215] to the other provisions of this Act shall be construed as references to those provisions as for the time being in force and applicable to the relevant assessment year. .