Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Section 16 of Companies Profits Surtax Act clarifies orders by Inspecting Assistant Commissioner and revises order timeframe.</h1> Section 16 of the Companies (Profits) Surtax Act, 1964, is amended by the Taxation Laws (Amendment) Act, 1984, effective October 1, 1984. The amendment includes an explanation clarifying that an order by the Income-tax Officer encompasses orders by the Inspecting Assistant Commissioner acting under specific provisions of the Income-tax Act. Additionally, sub-section (2) is revised to stipulate that no order under sub-section (1) can be made after two years from the end of the financial year in which the original order was passed.