TMI BlogAmendment of section 147.X X X X Extracts X X X X X X X X Extracts X X X X ..... ndif]--><!--[if gte mso 9]> ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mso-hansi-theme-font:minor-latin; mso-fareast-language:EN-US;} <![endif]--> Amendment of section 147. 67. In section 147 of the Income-tax Act, in Explanation 2, after clause (c), the following clause shall be inserted with effect from the 1st day of June, 2016, namely:- (ca) where a return of income has not been furnished by the assessee or a return of income has been furni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection provides certain situations which shall also be deemed to be the cases where income chargeable to tax has escaped assessment. It is proposed to amend the said Explanation 2 so as to provide that a case shall be deemed to be a case where income chargeable to tax has escaped assessment where on the basis of information or document received from the prescribed income-tax authority it is not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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