Section - 40 - Finance Acts

Section - 40 - Amendment of section 139

Amendment of section 139.

40. In section 139 of the Income-tax Act, in sub-section (8A),-

(a)	-	for the words "twenty-four months", the words "forty-eight months" shall be substituted;
(b)	-	after the third proviso, the following provisos shall be inserted, namely:-
	-	"Provided also that no updated return shall be furnished by any person where any notice to show-cause under section 148A has been issued in his case after thirty-six months from the end of the relevant assessment year:
	-	Provided also that the fourth proviso shall not apply where an order is passed under sub-section (3) of section 148A determining that it is not a fit case to issue notice under section 148:".