Acceptance of returns under section 143(1)(a) of the Income-tax Act, 1961 as amended by the Finance Act, 1999. - Income Tax - 1966/1999

INSTRUCTION NO. 1966/1999 Dated: May 19, 1999 Section(s) Referred: 143(1)(a) Statute: Income - Tax Act, 1961 Subject :- Acceptance of returns under section 143(1)(a) of the Income-tax Act, 1961 as amended by the Finance Act, 1999 The Finance Act, 1999 has amended the provisions of section 143(1)(a) doing away with the requirement of prima facie adjustment with effect from 1st June, 1999. It is clarified that the amended provisions will apply not only in respect of all returns filed on or after 1st June, 1999 but also will apply to all such returns filed prior to 1st June, 1999 and pending as on that date. F. No. 225/125/99-ITA-II (R.N. DASH) DIRECTOR CENTRAL BOARD OF DIRECT TAXES