# The Finance Act, 1986, Section 28: Amendment of section 155

- Act: The Finance Act, 1986 (Act 23 of 1986)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1986/section/28/

## Text

Amendment of section 155. 28. In section 155 of the Income-tax Act, with effect from the 1st day of April, 1987,— (a) in sub-section (8), for the words "within a period of one. year after the date of the transfer", the words "within a period of two years after the date of the transfer" shall be substituted; (b) in sub-section  (8A), for the words "within a period of one year after the date of receipt", the words "within a period of two years after the date of receipt" shall be substituted. [Finance Act, 1986] © Copyright. Taxmann Publications Pvt. Ltd.

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