Amendment to Sec.153(1).

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Full Text of the Document

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....ssessment under section 143 or section 144 can be made after the expiry of two years from the end of the assessment year in which the income was first assessable. 2. Under sub-clause (iii) of clause (a) of sub -section (1) of section 153, as it stood prior to the amendment made by the Direct Tax Laws (Amendment) Act, 1987, the time limit for completion of assessments was two years from the end ....