Section 42 - Amendment of section 119 - Finance (No. 2) Act, 1991

42. Amendment of section 119. In section 119 of the Income-tax Act, in sub-section (2), (i) in clause (a), for the figures and letters 210, 234A, 234B , the words, brackets, figures and letters sub-section (1A) of section 201, sections 210, 211, 234A, 234B, 234C shall be substituted; (ii) after clause (b), the following clause shall be inserted, with effect from the 1st day of October, 1991, namely: (c) the Board may, if it considers it desirable or expedient so to do for avoiding genuine hardship in any case or class of cases, by general or special order for reasons to be specified therein, relax any requirement contained in any of the provisions of Chapter IV or Chapter VI-A, where the assessee has failed to comply with any requirement specified in such provision for claiming deduction thereunder, subject to the following conditions, namely:- (i) the default in complying with such requirement was due to circumstances beyond the control of the assessee; and (ii) the assessee has complied with such requirement before the completion of assessment in relation to the previous year in which such deduction is claimed; Provided that the Central Government shall cause every order issued under this clause to be laid before each House of Parliament. .