Section 20 - Amendment of section 185 - Direct Tax Laws (Second Amendment) Act, 1989

20. Amendment of section 185. In section 185 of the Income-tax Act after sub-section (5), the following sub-sections shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1989, namely: - (6) Notwithstanding anything contained in sub-sections (1) to (4), where a firm has made an application for registration in relation to an assessment year and has furnished the return for that assessment year, such firm shall be deemed to have been registered under this section on the expiry of the period for serving notice as specified in the proviso to sub-section (2) of section 143 in respect of such return: Provided that nothing in this sub-section shall affect the power of the Accessing Officer to intimate the defect to the firm under sub-section (2) and where any such intimation is sent all the provisions of sub-section (2) shall apply. (7) The provisions of this section as they stood immediately before their amendment by the Direct Tax Laws (Second Amendment) Act, 1989 shall apply to and in relation to any assessment for the assessment year commencing on the 1st day of April 1988, or any earlier assessment year and references in this section 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. .