ERROR IN SEC.292BB......!!!!!!!

Ashish M (Chartered Accountant) (2731 Points)

25 September 2009  

IT WOULD BE INTERESTING TO NOTE THAT,

 

IN SEC. 292BB, WHICH VALIDATE NOTICES OF DEPT. IN CERTAIN CIRCUMSTANCES, CONTAINS AN ERROR MAY BE PRINTING OR OTHERWISE, VIZ.......

 

IN THE SECTION, THE PROVISO CONTAINS THE WORD "COMPELETION" WHICH IT SHOULD BE ACTUALLY "COMMENCEMENT".................

 

EVEN THE MEMORANDUM EXPLAINING THE PROVISIONS OF SEC.292BB, IMPLIEDLY SAYS THAT THE OBJECTION SHOULD BE RAISED BEFORE "COMMENCEMENT" OF ASSESSMENT AND NOT "COMPELETION"..........!!!!!!!!!!!!

 

ANY CLARITY ON THIS ISSUE.............??????