Income-tax Act,1961
Act No : 43
Section :
Intimation of assessment of firm
158. Intimation of assessment of firm 5[Whenever, in respect of the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year, a registered firm is assessed], or an unregistered firm is assessed under the provisions of clause (b) of section 183, the 6 [Assessing] Officer shall notify to the firm by an order in writing the amount of its total income assessed and the apportionment thereof between the several partners. --------------------------------------------------------------------- 1 Inserted by the Finance Act, 1987, w.e.f. 1-4-1988. 2 Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 3 Substituted for "or sub-section (1) of section 74" by the Finance Act, 1974, w.e.f. 1-4-1975. 4 Inserted by the Finance Act, 1987, w.e.f. 1-4-1988. 5 Substituted for "Whenever a registered firm is assessed" by the Finance Act, 1992, w.e.f. 1-4-1993. Earlier, this expression was substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4- 1989 but was restored to its original form by the Direct Tax Laws (Amendment) Act, 1989, with effect from the same date. 6 Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. ------------------------------------------------------------------------ 1.570
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