Amendment of Section 16A

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..... expiry of one year from the end of the assessment year in which the gifts were first assessable: Provided that where the gifts were first assessable in the assessment year commencing on the 1st day of April, 1985, or the 1st day of April, 1986, such assessment may be made on or before the 31st day of March, 1990. (2) No order of assessment or reassessment shall be made under section 16 after t .....

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..... ed, whichever is later. Explanation .- References to section 16 in the proviso shall be construed as references to that section as it stood before its amendment by the Direct Tax Laws (Amendment) Act, 1987."; (b) in sub-section (3),- (i) for the words "four years", the words "two years" shall be substituted; (ii) the following proviso shall be inserted at the end, namely: - "Provided tha .....

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