Amendment of section 256

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Full Text of the Document

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....e High Court may admit an application after the expiry of the period of six months referred to in sub-section (2), if it is satisfied that there was sufficient cause for not filing the same within that period.". - Clause 48 of the Bill seeks to amend section 256 of the Income tax Act relating to statement of case to the High Court. The existing provision contained in sub-section (2) of the afo....