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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Income-tax Act Section 156 amended: Intimation under Section 143(1) now a notice of demand. Part of Finance Bill 2008.</h1> Section 156 of the Income-tax Act is amended to include a proviso stating that if any amount is determined to be payable by the assessee under subsection (1) of section 143, the intimation given under that subsection will be considered a notice of demand for the purposes of this section. This amendment is part of Clause 37 of the Finance Bill, 2008, and pertains to the procedures for notifying taxpayers about their tax liabilities.