Time-limit amendment in income-tax procedure revises referenced provisions and alters the temporal computation for statutory actions. The amendment modifies section 253 by inserting a reference to section 158BFA after section 154 in subsection (1) and by substituting the phrase in ... Summary
Time-limit amendment in income-tax procedure revises referenced provisions and alters the temporal computation for statutory actions.
The amendment modifies section 253 by inserting a reference to section 158BFA after section 154 in subsection (1) and by substituting the phrase in subsection (3) that previously read "sixty days of the date on" with wording that prescribes time-limit computation as "two months from the end of the month in".
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.