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[Cites 0, Cited by 11] [Section 269UC] [Entire Act]

Union of India - Subsection

Section 269UC(4) in The Income Tax Act, 1961

(4)[ Where it is found that the statement referred to in sub-section (2) is defective, the appropriate authority may intimate the defect to the parties concerned and give them an opportunity to rectify the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the appropriate authority may, in its discretion, allow and if the defect is not rectified within the said period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this Chapter, the statement shall be deemed never to have been furnished.] [ Inserted by Act 22 of 1995, Section 46 (w.e.f. 1.7.1995).]