# The Finance Act, 2014, Section 52: Amendment of section 145

- Act: The Finance Act, 2014 (Act 25 of 2014)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2014/section/52/

## Text

Amendment of section 145. 52. In section 145 of the Income-tax Act, with effect from the 1st day of April, 2015,— (i) | in sub-section (2), for the words "accounting standards", the words "income computation and disclosure standards" shall be substituted; (ii) | in sub-section (3), for the words, brackets and figure "or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee", the words, brackets and figure "has not been regularly followed by the assessee, or income has not been computed in accordance with the standards notified under sub-section (2)" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.