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of <h1>Income-tax Act Section 155 Amended: New Rules for Revising Assessments Based on Tax Certificates and Stamp Duty Appeals</h1> Section 155 of the Income-tax Act has been amended to include two new sub-sections effective from June 1, 2002. Sub-section (14) allows the Assessing Officer to amend an assessment order if a tax deduction certificate, initially not filed with the return, is submitted within two years, provided the income was disclosed in the return. Sub-section (15) permits the amendment of an assessment order if the value of a capital asset for stamp duty purposes is revised during an appeal or revision. The revised value will be used to compute capital gains, with a four-year period for amendments from the revision date.
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