Amendment of section 143

In force Act 13 of 2018 As on 05 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 4 provisions

Section 46 of the Finance Act, 2018 deals with amendment of section 143. Amendment of section 143. 46. In section 143 of the Income-tax Act,— (a) | in sub-section (1), in clause (a), after the second proviso, the following proviso shall be inserted, namely:— "Provided also that no adjustment shall be made under sub-clause (vi) in relation to a return furnished for the as

Amendment of section 143.
46. In section 143 of the Income-tax Act,—
(a) in sub-section (1), in clause (a), after the second proviso, the following proviso shall be inserted, namely:—
"Provided also that no adjustment shall be made under sub-clause (vi) in relation to a return furnished for the assessment year commencing on or after the 1st day of April, 2018;";
(b) after sub-section (3), the following sub-sections shall be inserted, namely:—
"(3A) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of making assessment of total income or loss of the assessee under sub-section (3) so as to impart greater efficiency, transparency and accountability by—
(a) eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible;
(b) optimising utilisation of the resources through economies of scale and functional specialisation;
(c) introducing a team-based assessment with dynamic jurisdiction.
(3B) The Central Government may, for the purpose of giving effect to the scheme made under sub-section (3A), by notification in the Official Gazette, direct that any of the provisions of this Act relating to assessment of total income or loss shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification:
Provided that no direction shall be issued after the 31st day of March, 2020.
(3C) Every notification issued under sub-section (3A) and sub-section (3B) shall, as soon as may be after the notification is issued, be laid before each House of Parliament.".
Section 46, The Finance Act, 2018 (Act 13 of 2018).

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Referred to by 4

Questions about Section 46

What does Section 46 of the Finance Act deal with?

Section 46 of the Finance Act is headed "Amendment of section 143". Amendment of section 143. 46. In section 143 of the Income-tax Act,— (a) | in sub-section (1), in clause (a), after the second proviso, the following proviso shall be inserted, namely:— "Provided also that no adjustment shall be made under sub-clause (vi) in relation to a return furnished for the as

How do I find court cases under Section 46 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 2018 46, section 46 Finance Act 2018, section 46 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 46 of the Finance Act, and has it changed?

Its own text turns on section 143 (Amendment of section 4), Income-tax Act 143 (Assessment), so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. 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. INCOME-TAX8472 words
2. Income-tax4233 words
206. Amendment of Act 54 of 20001580 words
Second Schedule. Second Schedule1062 words
33. Insertion of new section 112A756 words
63. Amendment of section 28707 words

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(a)		in sub-section (1), in clause (a), after the second proviso, the following proviso shall be inserted, namely:—
		"Provided also that no adjustment shall be made under sub-clause (vi) in relation to a return furnished for the assessment year commencing on or after the 1st day of April, 2018;";
(b)		after sub-section (3), the following sub-sections shall be inserted, namely:—
		"(3A) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of making assessment of total income or loss of the assessee under sub-section (3) so as to impart greater efficiency, transparency and accountability by—

(a)		eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible;
(b)		optimising utilisation of the resources through economies of scale and functional specialisation;
(c)		introducing a team-based assessment with dynamic jurisdiction.

		(3B) The Central Government may, for the purpose of giving effect to the scheme made under sub-section (3A), by notification in the Official Gazette, direct that any of the provisions of this Act relating to assessment of total income or loss shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification:
		Provided that no direction shall be issued after the 31st day of March, 2020.
		(3C) Every notification issued under sub-section (3A) and sub-section (3B) shall, as soon as may be after the notification is issued, be laid before each House of Parliament.".