Income Tax Act, 2025
Section 12: Subs. by s. 70,ibid., for sub-section (5) (w.e.f. 12012).
12. Subs. by s. 70,ibid., for sub-section (5) (w.e.f. 12012).
13. Subs. by s. 70,ibid., for “already made, the Assessing Officer shall serve on the assessee” (w.e.f. 12012).
14. Subs. by Act 67 of 1984, s. 29, for “from the date of the order sought to be amended” (w.e.f. 11984).
598
1[(8) Without prejudice to the provisions of sub-section (7), where an application for amendment
under this section is made 2[by the assessee or by the deductor] 3[or by the collector] on or after the 1st
day of June, 2001 to an income-tax authority referred to in sub-section (1), the authority shall pass an
order, within a period of six months from the end of the month in which the application is received by
it,—
(a) making the amendment; or
(b) refusing to allow the claim.]
155. Other amendments.—(1) 4[Where, in respect of any completed assessment of a partner in a
firm for the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year,] it
is found—
(a) on the assessment or reassessment of the firm, or
(b) on any reduction or enhancement made in the income of the firm under this section, section
154, section 250, section 254, section 260, section 262, section 263 or section 264, 5[or]
5[(c) on any order passed under sub-section (4) of section 245D on the application made by the
firm,]
that the share of the partner in the income of the firm has not been included in the assessment of the
partner or, if included, is not correct, the 6[Assessing Officer] may amend the order of assessment of the
partner with a view to the inclusion of the share in the assessment or the correction thereof, as the case
may be; and the provisions of section 154 shall, so far as may be, apply thereto, the period of four years
specified in sub-section (7) of that section being reckoned 7[from the end of the financial year in which
the final order was passed] in the case of the firm.
8[(1A) Where in respect of any completed assessment of a firm it is found—
(a) on the assessment or reassessment of the firm, or
(b) on any reduction or enhancement made in the income of the firm under this section, section
154, section 250, section 254, section 260, section 262, section 263 or section 264, or
(c) on any order passed under sub-section (4) of section 245D on the application made by the
firm,
that any remuneration to any partner is not deductible under clause (b) of section 40, the Assessing
Officer may amend the order of assessment of the partner with a view to adjusting the income of the
partner to the extent of the amount not so deductible ; and the provisions of section 154 shall, so far as
may be, apply thereto, the period of four years specified in sub-section (7) of that section being reckoned
from the end of the financial year in which the final order was passed in the case of the firm.]
(2) Where in respect of any completed assessment of a member of an association of persons or of a
body of individuals it is found—
(a) on the assessment or reassessment of the association or body, or
(w.e.f. 12012).
13. Subs. by s. 70,ibid., for “already made, the Assessing Officer shall serve on the assessee” (w.e.f. 12012).
14. Subs. by Act 67 of 1984, s. 29, for “from the date of the order sought to be amended” (w.e.f. 11984).
598
1[
Without prejudice to the provisions of sub-section
making the amendment; or
refusing to allow the claim.]
155. Other amendments.—
4[Where, in respect of any completed assessment of a partner in a
firm for the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year,] it
is found—
on the assessment or reassessment of the firm, or
on any reduction or enhancement made in the income of the firm under this section, section
154, section 250, section 254, section 260, section 262, section 263 or section 264, 5[or]
5[
on any order passed under sub-section
of section 245D on the application made by the
firm,]
that the share of the partner in the income of the firm has not been included in the assessment of the
partner or, if included, is not correct, the 6[Assessing Officer] may amend the order of assessment of the
partner with a view to the inclusion of the share in the assessment or the correction thereof, as the case
may be; and the provisions of section 154 shall, so far as may be, apply thereto, the period of four years
specified in sub-section
of that section being reckoned 7[from the end of the financial year in which
the final order was passed] in the case of the firm.
8[
Where in respect of any completed assessment of a firm it is found—
on the assessment or reassessment of the firm, or
on any reduction or enhancement made in the income of the firm under this section, section
154, section 250, section 254, section 260, section 262, section 263 or section 264, or
on any order passed under sub-section
of section 245D on the application made by the
firm,
that any remuneration to any partner is not deductible under clause
of section 40, the Assessing
Officer may amend the order of assessment of the partner with a view to adjusting the income of the
partner to the extent of the amount not so deductible ; and the provisions of section 154 shall, so far as
may be, apply thereto, the period of four years specified in sub-section
of that section being reckoned
from the end of the financial year in which the final order was passed in the case of the firm.]
Where in respect of any completed assessment of a member of an association of persons or of a
body of individuals it is found—
on the assessment or reassessment of the association or body, or