Clause 39 - Amendment of section 139. - Finance Bill, 2025

Amendment of section 139. 39. In section 139 of the Income-tax Act, in sub-section (8A), (a) for the words twenty-four months , the words forty-eight months shall be substituted; (b) after the third proviso, the following provisos shall be inserted, namely: Provided also that no updated return shall be furnished by any person where any notice to show-cause under section 148A has been issued in his case after thirty-six months from the end of the relevant assessment year: Provided also that the fourth proviso shall not apply where an order is passed under sub-section (3) of section 148A determining that it is not a fit case to issue notice under section 148. .