{"act":{"id":"finance-act-2001","short_title":"The Finance Act, 2001","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2001-2002.","act_number":null,"act_year":2001,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2001/"},"unit":"section","section":{"number":"62","heading":"Amendment of section 143","text":"Amendment of section 143. 62. In section 143 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2001,— (a) in the second proviso, for the words \"two years from the end of the assessment year in which the income was first assessable\", the words \"one year from the end of the financial year in which the return is made\" shall be substituted; (b) after the second proviso, the following proviso shall be inserted, namely:— \"Provided also that where the return made is in respect of the income first assessable in the assessment year commencing on the 1st day of April, 1999, such intimation may be sent at any time up to the 31st day of March, 2002.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 143.</b></p><p><b>62.</b> In section 143 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2001,—</p><p>(<i>a</i>) in the second proviso, for the words \"two years from the end of the assessment year in which the income was first assessable\", the words \"one year from the end of the financial year in which the return is made\" shall be substituted;</p><p>(<i>b</i>) after the second proviso, the following proviso shall be inserted, namely:—</p><p>\"<b>Provided</b> also that where the return made is in respect of the income first assessable in the assessment year commencing on the 1st day of April, 1999, such intimation may be sent at any time up to the 31st day of March, 2002.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":129,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2001/section/62/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}