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of <h1>Finance Bill 2022: New Section 170A Requires Modified Tax Returns Post-Business Reorganisation Order Under Section 139</h1> Clause 54 of the Finance Bill, 2022 introduces section 170A to the Income-tax Act, addressing the impact of tribunal or court orders on business reorganisations. It mandates that if a successor has filed a return under section 139 before the issuance of a High Court, tribunal, or Adjudicating Authority order, they must submit a modified return within six months from the order's issuance. This return must comply with the order's stipulations. The term 'business reorganisation' is defined as per section 170(2A). This amendment is effective from April 1, 2022.
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