{"act":{"id":"finance-act-2007","short_title":"The Finance Act, 2007","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008.","act_number":null,"act_year":2007,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":96,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2007/"},"unit":"section","section":{"number":"46","heading":"Amendment of section 142","text":"Amendment of section 142. 46. In section 142 of the Income-tax Act,— (a ) in sub-section (2A), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:— \" Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the assessee has been given a reasonable opportunity of being heard.\"; (b ) in sub-section (2D), the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:— \" Provided that where any direction for audit under sub-section (2A) is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, such audit (including the remuneration of the Accountant) shall be determined by the Chief Commissioner or Commissioner in accordance with such guidelines as may be prescribed and the expenses so determined shall be paid by the Central Government.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 142.</b></p><p><b>46. </b>In section 142 of the Income-tax Act,—</p><p>(<i>a</i> ) in sub-section (2A)<i>, </i>the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:—</p><p>\" <b>Provided </b>that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the assessee has been given a reasonable opportunity of being heard.\";</p><p>(<i>b</i> )<i> </i>in sub-section (2D)<i>, </i>the following proviso shall be inserted with effect from the 1st day of June, 2007, namely:—</p><p>\" <b>Provided </b>that where any direction for audit under sub-section (2A)<i> </i>is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, such audit (including the remuneration of the Accountant) shall be determined by the Chief Commissioner or Commissioner in accordance with such guidelines as may be prescribed and the expenses so determined shall be paid by the Central Government.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":159,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2007/section/46/","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."}