Amendment of section 148.

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..... Assessing Officer on the basis of an application made in this regard by the assessee shall be substituted; (b) after the second proviso and before Explanation 1, the following proviso shall be inserted, namely: Provided also that any return of income, required to be furnished by an assessee under this section and furnished beyond the period allowed shall not be deemed to be a return unde .....

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..... ation made in this regard by the assessee. It is further proposed to insert a third proviso in the said section to provide that any return of income, required to be furnished by an assessee under this section and furnished beyond the period allowed shall not be deemed to be a return under section 139. These amendments will take effect from 1st April, 2023. - statute, statutory provisions .....

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