9911796707
TMI BlogAmendment of section 155.X X X X Extracts X X X X X X X X Extracts X X X X ..... 024; (b) after sub-section (18), the following sub-section shall be inserted, namely:-- "(19) Where any deduction in respect of any expenditure incurred for the purchase of sugarcane has been claimed by an assessee, being a co-operative society engaged in the business of manufacture of sugar, and such deduction has been disallowed wholly or partly in any previous year commencing on or before t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en included in the return of income furnished by an assessee under section 139 for any assessment year (herein referred to as the relevant assessment year) and tax on such income has been deducted at source and paid to the credit of the Central Government in accordance with the provisions of Chapter XVII-B in a subsequent financial year, the Assessing Officer shall, on an application made by the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment for any year, the deduction under section 10A or section 10B or section 10BA has not been allowed on the ground that such income has not been or partly received in convertible foreign exchange in India and subsequently such income or part thereof has been received in, or brought into India, the Assessing Officer shall amend the order of assessment so as to allow such deduction later. It i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wholly or partly in any previous year commencing on or before 1st April, 2014, the Assessing Officer shall, on the basis of an application made by such assessee in this regard, recompute the total income of such assessee for such previous year after allowing such deduction to the extent such expenditure is incurred at a price which is equal to or less than the price fixed or approved by the Gover ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an application made by the assessee in the prescribed form within a period of two years from the end of the financial year in which such tax was deducted at source, amend the order of assessment or any intimation allowing credit of such tax deducted at source in the relevant assessment year, and the provisions of section 154 shall, so far as may be, apply thereto and the period of four years spec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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