Home Acts & Rules Finance Act / Amendment Acts Finance Acts FINANCE ACT, 2007 Chapters List Chapter III Direct Taxes (Income-tax ) This
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Section 51 - Amendment of section 172 - FINANCE ACT, 2007Extract Amendment of section 172. 51. In section 172 of the Income-tax Act, after sub-section (4), the following subsection shall be inserted, namely:- "(4A) No order assessing the income and determining the sum of tax payable thereon shall be made under sub-section (4) after the expiry of nine months from the end of the financial year in which the return under sub-section (3) is furnished: Provided that where the return under sub-section (3) has been furnished before the 1st day of April, 2007, such order shall be made on or before the 31st day of December, 2008".
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