application of u/s.139(8)
This query is : Resolved
SOUMENDU DAS
(Querist)
11 March 2008
whether sec.139(8) are applicable? if applicable when? please clarify.
SOUMENDU DAS
(Querist)
11 March 2008
urgent
CA Praveen Chopra
(Expert)
11 March 2008
No,clause (c) of subsection (8) of section 139 clearly says that this subsection i.e.(8) is applicable for the assessment of assessment year commencing from 1st april 1988.Language of the section clearly states that this is one time section applicable only for one assessment year i.e.1988-1989.
12 March 2008
NOW THIS SECTION IS NO MORE APPLICABLE
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