Section 42 - Amendment of section 139 - Finance (No. 2) Act, 1996

42. Amendment of section 139 In section 139 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1997, - (a) the Explanation shall be renumbered as Explanation 1 and in the Explanation 1 as so renumbered, in clause (b), for sub-clause (i), the following sub-clause shall be substituted, namely :- (i) in a case where the accounts of the assessee are required under this Act or any other law to be audited or where the report of an accountant is required to be furnished under section 80HHC or section 80HHD or where the prescribed certificate is required to be furnished under section 80R or section 80RR or sub-section (1) of section 80RRA, or in the case of a co-operative society or in the case of a working partner of a firm whose accounts are required under this Act or any other law to be audited, the 31st day of October of the assessment year; ; (b) after Explanation 1 as so renumbered, the following Explanation shall be inserted, namely :- Explanation 2 : For the purposes of sub-clause (i) of clause (b) of Explanation 1, the expression working partner shall have the meaning assigned to it in Explanation 4 of clause (b) of section 40. .