Section 39 - Amendment of section 151 - Finance Act, 1990

39. Amendment of section 151 In section 151 of the Income-tax Act, in sub-section (1), for the words except by an Assessing Officer of the rank of Assistant Commissioner or Deputy Commissioner , the words by an Assessing Officer, who is below the rank of Assistant Commissioner, unless the Deputy Commissioner is satisfied on the reasons recorded by such Assessing Officer that it is a fit case for the issue of such notice shall be substituted.