Deemed registration of firms upon filing returns after registration application, subject to notice period and defect intimation provisions.

Amendment provides that a firm which has applied for registration and furnished its return shall be deemed registered on the expiry of the notice period specified in the proviso to section 143(2) for that return, subject to the assessing officer's power to intimate defects under the existing subsection (2) and the application of that subsection's provisions; and preserves the pre amendment provisions of section 185 for the assessment year commencing 1 April 1988 and earlier years, with references to other provisions read as applicable to the relevant year.

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