Amendment of section 145

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..... ection (3), for the words, brackets and figure or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee , the words, brackets and figure has not been regularly followed by the assessee, or income has not been computed in accordance with the standards notified under sub-section (2) shall be substituted. - Clause 50 of the Bill seeks to amend .....

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..... s that where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee, or where the method of accounting provided in sub-section (1) or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee, the Assessing Officer may make an assessment in the manner provided in section 144. It is pro .....

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