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Section68
The Finance Act, 2016

Amendment of section 143

In force As on 08 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 4 provisions

Section 68 of the Finance Act, 2016 deals with amendment of section 143. Amendment of section 143. 68. In section 143 of the Income-tax Act,— (a) | with effect from the 1st day of April, 2017,— (I) | in sub-section (1), in clause (a),— (A) | in sub-clause (i), the word "or" appearing at the end shall be omitted; The Act was enacted on 27 Jun 2016.

Amendment of section 143.

68. In section 143 of the Income-tax Act,—

(a)with effect from the 1st day of April, 2017,—
(I)in sub-section (1), in clause (a),—
(A)in sub-clause (i), the word "or" appearing at the end shall be omitted;
(B)after sub-clause (ii), the following sub-clauses shall be inserted, namely:—
"(iii)disallowance of loss claimed, if return of the previous year for which set off of loss is claimed was furnished beyond the due date specified under sub-section (1) of section 139;
(iv)disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return;
(v)disallowance of deduction claimed under sections 10AA, 80-IA, 80-IAB, 80-IB, 80-IC, 80-ID or section 80-IE, if the return is furnished beyond the due date specified under sub-section (1) of section 139; or
(vi)addition of income appearing in Form 26AS or Form 16A or Form 16 which has not been included in computing the total income in the return:
Provided that no such adjustments shall be made unless an intimation is given to the assessee of such adjustments either in writing or in electronic mode:
Provided further that the response received from the assessee, if any, shall be considered before making any adjustment, and in a case where no response is received within thirty days of the issue of such intimation, such adjustments shall be made;";
(II)for sub-section (1D), the following sub-section shall be substituted, namely:—
(1D)Notwithstanding anything contained in sub-section (1), the processing of a return shall not be necessary before the expiry of the period specified in the second proviso to sub-section (1), where a notice has been issued to the assessee under sub-section (2):
Provided that such return shall be processed before the issuance of an order under sub-section (3).
(b)for sub-section (2), the following sub-section shall be substituted with effect from the 1st day of June, 2016, namely:—
"(2) Where a return has been furnished under section 139, or in response to a notice under sub-section (1) of section 142, the Assessing Officer or the prescribed income-tax authority, as the case may be, if, considers it necessary or expedient to ensure that the assessee has not understated the income or has not computed excessive loss or has not under-paid the tax in any manner, shall serve on the assessee a notice requiring him, on a date to be specified therein, either to attend the office of the Assessing Officer or to produce, or cause to be produced before the Assessing Officer any evidence on which the assessee may rely in support of the return:
Provided that no notice under this sub-section shall be served on the assessee after the expiry of six months from the end of the financial year in which the return is furnished.".
Section 68, The Finance Act, 2016.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 80 Omission of sections 194K and 194L
  2. s. 139 Amendment of notifications issued under section 25 of Act 52 of 1962
  3. s. 142 Amendment of section 5A
  4. s. 143 Amendment of section 11A
  5. Income-tax Act s. 143 Assessment

Referred to by 4

  1. s. 132 Amendment of section 68
  2. s. 226 Amendment of Act 13 of 1976
  3. s. 227 Amendment of Act 61 of 1985
  4. Finance Act s. 58 Amendment of section 143

Questions about Section 68

What does Section 68 of the Finance Act deal with?

Section 68 of the Finance Act is headed "Amendment of section 143". Amendment of section 143. 68. In section 143 of the Income-tax Act,— (a) | with effect from the 1st day of April, 2017,— (I) | in sub-section (1), in clause (a),— (A) | in sub-clause (i), the word "or" appearing at the end shall be omitted;

How do I find court cases under Section 68 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 2016 68, section 68 Finance Act 2016, section 68 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 68 of the Finance Act, and has it changed?

Its own text turns on section 80 (Omission of sections 194K and 194L), section 139 (Amendment of notifications issued under section 25 of Act 52 of 1962), section 142 (Amendment of section 5A), section 143 (Amendment of section 11A), and on 1 further provision, so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it.

When was Section 68 of the Finance Act enacted?

Section 68 of the Finance Act, cited as Finance Act 2016 68, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.