Section 28 - Amendment of section 155 - Finance Act, 1986

28. Amendment of section 155 In section 155 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in sub-section (8), for the words within a period of one year after the date of the transfer , the words within a period of two years after the date of the transfer shall be substituted; (b) in sub-section (8A), for the words within a period of one year after the date of receipt , the words within a period of two years after the date of receipt shall be substituted.