Amendment of section 148
Section 36 of the Finance Act, 2006 deals with amendment of section 148. Amendment of section 148. 36. In section 148 of the Income-tax Act, in sub-section (1),— (i ) the following provisos shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1991, namely:— " Provided that in a case— (a) where a return has been furnished du
Amendment of section 148.
36. In section 148 of the Income-tax Act, in sub-section (1),—
(i ) the following provisos shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1991, namely:—
" Provided that in a case—
(a) where a return has been furnished during the period commencing on the 1st day of October, 1991 and ending on the 30th day of September, 2005 in response to a notice served under this section, and
(b) subsequently a notice has been served under sub-section (2) of section 143 after the expiry of twelve months specified in the proviso to sub-section (2) of section 143, as it stood immediately before the amendment of said sub-section by the Finance Act, 2002 (20 of 2002) but before the expiry of the time limit for making the assessment, re-assessment or re-computation as specified in sub-section (2) of section 153, every such notice referred to in this clause shall be deemed to be a valid notice:
Provided further that in a case—
(a) where a return has been furnished during the period commencing on the 1st day of October, 1991 and ending on the 30th day of September, 2005, in response to a notice served under this section, and
(b) subsequently a notice has been served under clause (ii) of sub-section (2) of section 143 after the expiry of twelve months specified in the proviso to clause (ii) of sub-section (2) of section 143, but before the expiry of the time limit for making the assessment, re-assessment or re-computation as specified in sub-section (2) of section 153, every such notice referred to in this clause shall be deemed to be a valid notice.";
(ii ) after the second proviso as so inserted by clause (i ), the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 2005, namely:—
" Explanation.—For the removal of doubts, it is hereby declared that nothing contained in the first proviso or the second proviso shall apply to any return which has been furnished on or after the 1st day of October, 2005 in response to a notice served under this section.".
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Section 36, The Finance Act, 2006.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 2
Questions about Section 36
What does Section 36 of the Finance Act deal with?
Section 36 of the Finance Act is headed "Amendment of section 148". Amendment of section 148. 36. In section 148 of the Income-tax Act, in sub-section (1),— (i ) the following provisos shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1991, namely:— " Provided that in a case— (a) where a return has been furnished du
How do I find court cases under Section 36 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2006 36, section 36 Finance Act 2006, section 36 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 36 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 148 (Issue of notice where income has escaped assessment), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2006. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7285 words
- 2. Income-tax2665 words
- 4. Amendment of section 10604 words
- 3. Amendment of section 2556 words
- 20. Insertion of new section 90A531 words
- 33. Insertion of new section 139B512 words
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