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of <h1>Taxation Laws (Amendment) Act, 1984 revises Section 139, updates clauses on salaries, assessments, and interest adjustments.</h1> The Taxation Laws (Amendment) Act, 1984 modifies section 139 of the Income-tax Act, 1961. In sub-section (1A), clause (b) is revised to specify that income under 'Salaries,' excluding non-monetary benefits, must not exceed eighteen thousand rupees. The explanation in sub-section (1A) is removed. In sub-section (8), clause (a) introduces a new explanation treating first-time assessments under section 147 as regular assessments. Clause (b) is updated to adjust interest based on tax changes due to orders under specified sections, with provisions for notice issuance or refund of excess interest.
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