Omitted

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....ment made under section 143 or section 144, or where neither of such assessments has been made before that date, the tax payable by him on the basis of such return after taking into consideration the tax paid for the assessment year under the provisions of Chapter XVII B, or Chapter XVII C, he shall be entitled to a deduction from the amount of income tax and super tax with which he is chargeable of an amount equal to one per cent. of the amount of tax so paid by him before the said date. (2) If any assessee does not furnish a return under section 139 before the 1st day of January of the assessment year and no regular assessment under section 144 is made before the said date, he shall, in addition to the amount of income tax and su....

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....t. per annum from the said 1st day of January to the date on which a provisional assessment under section 141 or a regular assessment under section 143 or section 144, whichever is earlier, is made, the calculation being made with reference to the tax payable on the basis of the return after taking into consideration the tax already paid under the provisions of the aforesaid Chapters. (4) Any sum paid by an assessee in accordance with the provisions of sub section (1) otherwise than in pursuance of a provisional assessment made under section 141 or a regular assessment under section 143 or section 144, shall be treated as a payment of tax in respect of the relevant assessment year, and credit therefor shall be given to the assessee....

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....e to the record of the assessments, if any, of past years: Provided that in a case where the regular assessment is not made within six months from the date of receipt of the return, the Income-tax Officer shall proceed to make the provisional assessment under this section.] accompanying it, the Income-tax Officer may, if he is of opinion that the regular assessment of the assessee is likely to be delayed, proceed to make, in a summary manner, a provisional assessment of the sum refundable to the assessee, on the basis of such return, accounts and documents." 8.  Substituted vide Section 26 of the Finance Act, 1976 w.e.f. 01-04-1976 before it was read as, "the deduction referred to in clause (ii) of sub-sect....

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...., allowance or relief which, on the basis of the information available in such return, accounts and documents, is, prima facie, admissible, but is not claimed in the return; (iii) disallow any deduction, allowance or relief claimed in the return which, on the basis of the information available in such return, accounts and documents, is, prima facie, inadmissible; (iv) give due effect to the allowance referred to in sub-section (2) of section 32, ^8[the deduction referred to in clause (ii) of sub-section (3) of section 32A or clause (ii) of sub-section (2) of section 33] or clause (ii) of sub- section (2) of section 33A or clause (i) of sub-section (2) of section 35 or sub-section (1) of section 35A or sub- section (1) of s....