Consequential Amendments to Certain Sections

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....ed, and shall be deemed always to have been inserted, at the end, namely :- "Explanation : For the purposes of this sub-section, where an assessee having any leasehold or other right of occupancy in any land transfers such right, he shall be deemed to have sold or otherwise transferred such land."; (b) after sub-section (12), the following sub-section shall be inserted, namely :- &....

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....s Act, recompute the total income of the assessee for the relevant previous year and make the necessary amendment; and the provisions of section 154 shall, so far as may be, apply thereto, the period of four years specified in sub-section (7) of that section being reckoned from the end of the financial year ending on the 31st day of March, 1977". (2) The following amendments (being amendment....