Tax Law Revamps Section 186: Simplified Registration Process with Enhanced Procedural Clarity for Income Tax Assessments

The amendment modifies section 186 of the Income-tax Act, 1961, effective April 1, 1989. Key changes include inserting language about deemed registration, removing the requirement for Deputy Commissioner's previous approval in certain contexts, and adding a provision that the Assessing Officer cannot cancel registration without prior Deputy Commissioner approval. The amendment clarifies procedural aspects related to firm registration under income tax regulations.

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