Amendment of section 139

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....cribed manner, the Income-tax Officer may, in his discretion, extend the date for furnishing the return, and, notwithstanding that the date is so extended, interest shall be chargeable in accordance with the provisions of sub-section (8)."; (b) sub-section (1A) shall be omitted; (c) in sub-section (2), for the proviso, the following proviso shall be substituted, namely:- ....

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....e provisions of clause (iii) of the proviso to sub- section (1) shall apply in every such case", the words, brackets and figure "and the provisions of sub-section (8) shall apply in every such case" shall be substituted; (f) for sub-section (8), the following sub-section shall be substituted, namely:- "(8) (a) Where the return under sub-section (1) or sub-section (2) or sub-secti....

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....usiness or profession, the previous year in respect of which expired after the 31st day of December of the year immediately preceding the assessment year, such interest shall be reckoned from the 1st day of January instead of the 1st day of October of the assessment year: Provided further that the Income-tax Officer may, in such cases and under such circumstances as may be prescribed, red....