Effect of order of tribunal or court in respect of business reorganisation

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....the date of order of a High Court or tribunal or an Adjudicating Authority as defined in clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as order in respect of business reorganisation), as the case may be, any return of income has been furnished by an entity to which such order applies under the provisions of section 139 for any assessment ....

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....to account the modified return so furnished; (b) are pending on the date of furnishing of the modified return in accordance with the provisions of sub-section (1), the Assessing Officer shall pass an order assessing or reassessing the total income of the relevant assessment year in accordance with the order of the business reorganisation and taking into account the modified return so furn....

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....bsp;w.e.f. 01-04-2022 2.  Substituted vide Section 80 of the Finance Act, 2023 w.e.f. 01-04-2023 before it was read as, "^1[Effect of order of tribunal of court in respect of business reorganisation 170A. Notwithstanding anything to the contrary contained in section 139, in a case of business reorganisation, where prior to the date of order of a High Court or trib....