Amendment of section 142A

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..... y referred to in sub-section (2) of section 56 is required to be made" shall be substituted with effect from the 1st day of July, 2010. - Clause 33 of the Bill seeks to amend section 142A of the Income tax Act relating to estimate by Valuation Officer in certain cases. The existing provisions contained in sub-section (1) of the aforesaid section provide that where an estimate of the value of .....

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