Amendment of section 139.

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....updated return shall be furnished by any person where any notice to show-cause under section 148A has been issued in his case after thirty-six months from the end of the relevant assessment year: Provided also that the fourth proviso shall not apply where an order is passed under sub-section (3) of section 148A determining that it is not a fit case to issue notice under section 148.". - Claus....

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....ssable under this Act, within 24 months from the end of the relevant assessment year. It is proposed to amend sub-section (8A) of the said section so as to extend the time-limit to file an updated return from twenty-four months to forty-eight months from the end of relevant assessment year. It is further proposed to insert a proviso in sub-section (8A) so as to provide that no updated return sha....