Income-tax Act,1961

Act No : 43

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Section : Direct assessment or recovery not barred4

166. Direct assessment or recovery not barred4 Nothing in the foregoing sections in this Chapter shall prevent either the direct assessment of the person on whose behalf or for whose benefit income therein referred to is receivable, or the recovery from such person of the tax payable in respect of such income. ----------------------------------------------------------------------- 1 Prior to ,he omission, the Explanation, as inserted by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1980, read as under: "Explanation 2.-In this section, "maximum marginal rate" means the rate of income-tax (including surcharge on income-tax, if any) applicable in relation to the highest slab of income in the case of an association of persons as specified in the Finance Act of the relevant year." 2 Inserted by the Finance Act, 1981, w.e.f. 1-4-1981. 3 Prior to the omission, clause (i) of the Explanation read as under: "(i) "maximum marginal rate" shall have the meaning assigned to it in Explanation 2 below sub-section (3) of section 164;" 1.584

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