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of <h1>Finance Bill 2012: Section 154 Amended to Include Deductors in Income-Tax Intimations from July 1, 2012.</h1> Clause 67 of the Finance Bill, 2012 amends section 154 of the Income-tax Act, effective July 1, 2012. It introduces a new clause allowing income-tax authorities to amend intimations under section 200A. The amendments replace references to 'assessee' with 'assessee or deductor' in subsections (2), (3), (5), (6), and (8). These changes enable amendments that affect assessments, refunds, or liabilities to apply to both assessees and deductors. The Assessing Officer must issue a notice of demand if amendments increase liabilities or reduce refunds, aligning with section 156 provisions.
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