Substitution of new section for section 151- Sanction for issue of notice.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Sanction for issue of notice.           "151. (1) No notice shall be issued under section 148 (Sanction for issue of notice.) by an Assessing Officer, after the expiry of a period of four years from the end of the relevant assessment year, unless the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner is satis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....otice himself.". - Clause 35 of the Bill seeks to amend section 151 of the Income tax Act relating to sanction for issue of notice. The existing provisions contained in section 151 of the Act provides for sanction from certain authorities before issue of notice under section 148. The section specifies different sanctioning authorities for the cases where earlier assessment has been made un....