TMI BlogAmendment of section 12AB.X X X X Extracts X X X X X X X X Extracts X X X X ..... and figures or item (B) of sub-clause (vi) shall be inserted; (b) in sub-clause (ii), for item (B), the following item shall be substituted, namely: (B) if he is not so satisfied, pass an order in writing, (I) in a case referred to in sub-clause (ii) or sub-clause (iii) or sub-clause (v) of clause (ac) of sub-section (1) of section 12A rejecting such application and also cancelling ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . , the words attained finality; or shall be substituted; (c) after clause (f), the following clause shall be inserted, namely: (g) the application referred to in clause (ac) of subsection (1) of section 12A is not complete or it contains false or incorrect information. . - Clause 9 seeks to amend section 12AB of the Income-tax Act relating to procedure for fresh registration. I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion (1) of section 12A rejecting such application and also cancelling its registration; (II) in a case referred to in sub-clause (iv) or in item (B) of sub-clause (vi) of subsection (1) of section 12A, rejecting such application, after affording a reasonable opportunity of being heard. It is also proposed to substitute clause (c) of sub-section (1) of the said section to provide that whe ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
