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of <h1>Finance Act 2006 amends Section 142, validating late notices for unfiled returns after assessment year.</h1> Section 142 of the Income-tax Act has been amended by the Finance Act, 2006. In sub-section (1), clause (i), the phrase 'within the time allowed under sub-section (1) of section 139' is replaced with 'within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year.' Additionally, a proviso is inserted, effective from April 1, 1990, stating that notices served after the relevant assessment year to individuals who failed to file returns within the allowed time will be considered valid under this sub-section.
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