Section 43 - Amendment of section 246 - Finance Act, 1988

43. Amendment of section 246 In section 246 of the Income-tax Act, - (a) in sub-section (1), in clause (o), in sub-clause (iva), after the word, figures and letter section 272B , the words, figures and letters or section 272BB shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 1987; (b) in sub-section (2), in clause (a), the words, figures and letters or an order under section 104, as it stood immediately before the 1st day of April, 1988, in respect of any assessment for the assessment year commencing on the 1st day of April, 1987 or any earlier assessment years, made against the assessee, being a company shall be inserted at the end.