Amendment of section 155

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...." shall be inserted; (ii) after clause (b), the following clause shall be inserted, namely: - "(c) on any order passed under sub-section (4) of section 245D on the application made by the firm."; (iii) for the words "from the date of the final order passed", the words "from the end of the financial year in which the final order was passed" shall be substituted; ....

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....d) in sub-section (7), for the words "from the date of the final order passed", the words "from the end of the financial year in which the final order was passed" shall be substituted with effect from the 1st day of October, 1984; (e) after sub-section (7A), the following sub-section shall be inserted, namely: - '(7B) Where in the assessment for any year, the capital gain ari....

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....s Act, re-compute the total income of the transferor company 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 previous year in which the capital asset was so converted or treated or in which the parent com....