Income-tax Act Section 143 Amended: Notice Deadline Set at 12 Months Post-Return; Intimations Deemed Orders for Section 264.
Section 143 of the Income-tax Act is amended effective October 1, 1991. The amendment modifies sub-section (2) by replacing the existing proviso with a new one, stipulating that no notice under this sub-section can be served on the assessee after twelve months from the end of the month in which the return is filed. Additionally, an Explanation is added, stating that any intimation sent to the assessee under sub-section (1) or (1B) is considered an order for the purposes of section 264.
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