Updated return recognition expands scope of taxpayers' rectification rights and procedure under amended income tax provision. Finance Act, 2022 amends clause (a) of sub section (1) of section 144 by inserting the words 'or an updated return under sub section (8A)' after the existing reference to 'or sub section (5)', thereby bringing updated returns under the textual scope of section 144(1)(a).
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Updated return recognition expands scope of taxpayers' rectification rights and procedure under amended income tax provision.
Finance Act, 2022 amends clause (a) of sub section (1) of section 144 by inserting the words "or an updated return under sub section (8A)" after the existing reference to "or sub section (5)", thereby bringing updated returns under the textual scope of section 144(1)(a).
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