within the prescribed time and enable withholding of refund in certain cases :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
57 & 76 | Processing of return within the prescribed time and enable withholding of refund in certain cases | Section 143 (1D) amended Section 241A Inserted |
Amendment Newly Inserted |
1st April, 2017 | Prior to amendment as per section 143(1D) the processing of a return shall not be necessary, where a notice has been issued to the assessee U/s 143(2). Provided that such return shall be processed before the issuance of an order under sub-section (3) Now after amendment, as per section 143(1D), Provided that the provisions of this sub-section shall |