Retroactive amendment to assessment provision expands sub-section scope to include additional orders under the tax assessment mechanism. Amendment inserts a reference to sub-section (3) into sub-section (1A) of section 143 of the Income-tax Act, thereby expanding the orders covered by ... Summary
Retroactive amendment to assessment provision expands sub-section scope to include additional orders under the tax assessment mechanism.
Amendment inserts a reference to sub-section (3) into sub-section (1A) of section 143 of the Income-tax Act, thereby expanding the orders covered by sub-section (1A) and declaring that insertion to have retrospective effect from an earlier fiscal year.
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