Section 46 - Insertion of new section 148B. - Finance Act, 2022

Insertion of new section 148B. 46 . After section 148A of the Income-tax Act, the following section shall be inserted, namely:- Prior approval for assessment, reassessment or recomputation in certain cases. 148B. No order of assessment or reassessment or recomputation under this Act shall be passed by an Assessing Officer below the rank of Joint Commissioner, in respect of an assessment year to which clause (i) or clause (ii) or clause (iii) or clause (iv) of Explanation 2 to section 148 apply except with the prior approval of the Additional Commissioner or Additional Director or Joint Commissioner or Joint Director. .