Section 158 - Intimation of assessment of firm - Income-tax Act, 1961

Intimation of assessment of firm. 158. 1 [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 2 [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. ----------------------- Notes :- 1. Substituted for "Whenever a registered firm is assessed" by the Finance Act, 1992, w.e.f. 1-4-1993. Earlier the expression was amended by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989 and by the Direct Tax Laws (Amendment) Act, 1987, with effect from the same date. 2. Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.