TaxTMI 
TaxTMI 
Amendment of section 153.
X X X X Extracts X X X X
X X X X Extracts X X X X
....sp; (b) in the second proviso, for the words, figures and letters "on the 1st day of April, 2005 or any subsequent assessment year", the words, figures and letters "on or after the 1st day of April, 2005 but before the 1st day of April, 2009" shall be substituted; (c) after the second proviso, the following proviso shall be inserted, namely:- 'Provided also that in case the assessment year in which the income was first assessable is the assessment year commencing on the 1st day of April, 2009 or any subsequent assessment year and during t....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... where the notice under section 148 was served on or after the 1st day of April, 2010 and during the course of the proceedings for the assessment or reassessment or recomputation of total income, a reference under sub-section (1) of section 92CA- (i) is made before the 1st day of July, 2012, but an order under sub-section (3) of that section has not been made before such date; or (ii) is made on or after the 1st day of July, 2012, the provisions of this sub-section shall, notwithstanding anything contained in the second proviso, have effect as if for the words "one year", the words "two years" had been substituted;....
X X X X Extracts X X X X
X X X X Extracts X X X X
....(ii) is made on or after the 1st day of July, 2012, the provisions of this sub-section shall, notwithstanding anything contained in the second proviso, have effect as if for the words "one year", the words "two years" had been substituted;'; (B) in Explanation 1,- (a) in clause (viii), for the words "six months", the words "one year" shall be substituted with effect from the 1st day of July, 2012; (b) after clause (viii) and before the words "shall be excluded", the following clause shall be inserted with effect from the 1st day of April, 2013, namely:- ....