TaxTMI 
TaxTMI 
Other amendments
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....le under section 35(e). Where any remuneration to any partner determined in completed assessment of the firm is subsequently found not deductible under section 35(e) in terms of- (a) assessment or reassessment of the firm; or (b) any reduction or enhancement made in the income of the firm under this section or section 287 or 359 or 363 or 365 or 368 or 377 or 378; or (c) any order passed under section 245D (4) of the Income-tax Act, 1961 (43 of 1961) on the application made by the firm. From the end of the financial year in which the subsequent order was passed in the case of the firm. 2. Amendment of order of assessment of the member of an association of persons or of a body of individuals....
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....under section 279 was passed. 4. The total income of the transferor company for the tax year referred to in column C, to be recomputed and necessary amendment made. Where in the assessment for any tax year,- (a) the capital gain arising from the transfer of a capital asset is not charged under section 67 in terms of section 70(1)(c) or (d); (b) such gains are deemed under section 71(1) as "Capital gains" of the tax year in which the transfer took place at any time before the expiry of the period of eight years from the date of such transfer by reason of-- (i) such capital asset being converted by the transferee company into, or being treated by it, as stock-in-trade of its business; or (ii) the p....
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.... authority as is authorised under any law for the time being in force for regulating payments and dealings in foreign exchange, and subsequently such income or part thereof has been or is received in, or brought into, India as required for the deduction. From the end of the financial year in which such income is so received in, or brought into, India. 7. The order of assessment or any intimation or deemed intimation under section 270(1), to be amended, to give credit for income-tax for the year in which such income is offered to tax or assessed to tax in India. Where in the assessment for any tax year or in any intimation or deemed intimation under section 270(1) for any tax year,-- (a) credit for income-tax paid in ....
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.... 9. The order of assessment to be amended to compute the capital gain by taking the compensation or consideration as so reduced by the court, Tribunal or any other authority to be the full value of consideration. (a) Where in the assessment for any year, a capital gain arising from the transfer of a capital asset being a transfer referred to in clause (b) is computed-- (i) by taking the compensation or consideration as referred to in section 67(12)(a) or, as the case may be, the compensation or consideration enhanced or further enhanced as referred to in section 67(12)(b), to be the full value of consideration deemed to be received or accruing as a result of the transfer of the asset; and (ii) subsequently such co....
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.... tax deducted at source in the tax year referred to in column C, and the credit of such tax deducted at source not to be allowed in any other tax year. (a) Where any income has been included in the return of income furnished by an assessee under section 263 for any tax year, and tax on such income has been deducted at source and paid to the credit of the Central Government as per the provisions of Chapter XIX-B in a subsequent tax year; and (b) an application is made by an assessee in such form, as may be prescribed, within two years from the end of the tax year in which such tax was deducted at source. From the end of the financial year in which such tax has been deducted. (2)(a) Where the arm's length price is determined in relat....