TMI BlogAmendment of section 92C.X X X X Extracts X X X X X X X X Extracts X X X X ..... ed such percentage not exceeding three per cent of the latter, as may be notified" shall be substituted with effect from the 1st day of April, 2013; ( ii ) after the second proviso, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 2009, namely: " Explanation . For the removal of doubt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the arithmetical mean, then, the assessee shall not be entitled to exercise the option as referred to in the said proviso."; ( c ) after sub-section (2A) as so inserted, the following sub-section shall be inserted with effect from the 1st day of July, 2012, namely: "(2B) Nothing contained in sub-section (2A) shall empower the Assessing Officer either to as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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